4.2.1 Absolute and Relative Poverty (Edexcel A-Level Economics Teaching PowerPoint)

This teaching powerpoint for Edexcel covers Absolute and Relative Poverty

When we talk about absolute poverty and relative poverty, it's important to understand that they're two different ways of measuring poverty. Absolute poverty refers to the number of people living below a certain income threshold that's considered necessary to meet basic needs, such as food, shelter, and clothing. This threshold is the same in all countries. On the other hand, relative poverty is a measure of how well off a person is compared to others in their society. It's measured as a percentage of the median income in a country, so the threshold for relative poverty varies between countries.