Asked by Deina Pavon on Jul 19, 2024
Verified
Poverty can be defined either in absolute terms or in relative terms.
Poverty
Poverty is the condition where an individual or community lacks the financial resources and essentials for a minimum standard of living.
Absolute Terms
Describes quantities or conditions that are not relative or comparative, standing independently on their own.
Relative Terms
Concepts or measurements that are dependent on or compared to another variable or context.
- Grasp the concept of poverty, how it is measured, and its implications on health insurance coverage.
Verified Answer
KW
Kaitlynn WilkinsonJul 24, 2024
Final Answer :
True
Explanation :
Poverty can be defined as an absolute lack of basic necessities such as food, clean water, and shelter or in relative terms as a deprivation of resources or opportunities compared to others in society.
Learning Objectives
- Grasp the concept of poverty, how it is measured, and its implications on health insurance coverage.