Economics · Poverty
When a household's income falls below the amount required to sustain basic living standards (such as food, shelter, and clothing), it is called ______.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Relative Poverty
- 2Generational Poverty
- 3Absolute Poverty✓
- 4Situational Poverty
Correct answer
Absolute Poverty
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