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What is the difference between relative and absolute poverty?
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The main difference between relative and absolute poverty is the measure used to determine poverty levels. Relative poverty is measured by comparing a person's income in relation to median income among a certain group, while absolute poverty is measured by comparing a person's income to an established minimum level of subsistence. relative poverty is concerned with how certain people fare in comparison to others within the same society, while absolute poverty is concerned with how certain people fare against a predetermined standard of living.