The Pros And Cons Of Relative Poverty

Relative poverty considers the status of each individual or household in relation to the status of other individuals, households in the community, or other social groupings, taking into account the context in which it occurs (i.e. their position within the distribution of that population). Relative poverty typically changes spatially and temporally, and measures of relative poverty are therefore not necessarily comparable between locations (due to the differing social stratification between communities) or over time. The relative approach examines poverty in the context of inequality within a society, though they should not be conflated. According to FAO (2006) it is the condition in which people lack the minimum amount of income requirements in order to maintain the average standard of living in the society in which they live. Moreover, it is defined relative to the members of a society and, therefore, differs across countries. People are said to be impoverished if they cannot keep up with standard of living as determined by society. Moreover, it changes over time. As the wealth of a society increases, so does the amount of income

The solutions therefore interpreted as a need for greater economic growth, with a focus on building human capacity/capital.
Conceptualization of poverty has broadened to include non-economic components. Thus, poverty is increasingly being recognized as multi-dimensional, distinguishing the numerous aspects of people’s lives affected by poverty, including economic and non-economic dimensions, and recognizing that poverty occurs within and is affected by the political, economic, social and cultural context (Sen,