10.2.1 Types of Poverty

QuestionAnswer
the state where one is barely able, or unable, to afford basic necessities
extreme poverty
the state of poverty where one is unable to live the lifestyle of the average person in the country
relative poverty
a state of poverty composed of many dimensions, subjectively present when one’s actual income does not meet one’s expectations
subjective poverty
an unregulated economy of labor and goods that operates outside of governance, regulatory systems, or human protections
underground economy

The content of this course has been taken from the free Sociology textbook by Openstax