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Absolute Poverty Income inequality metrics, Poverty line and/or Poverty In economics A measure of absolute poverty simply quantifies the number of people whose income or standard of living falls below a certain fixed level, called the poverty line. This might be, for example, the percentage of people in a country who earn less than $30,000 a year for a family of two, or the number of people in the world who earn less than $1 per day. There is no universally accepted income level for what constitutes poverty, and in this sense "absolute" poverty is not necessarily "extreme" poverty. See Income inequality metrics for a discussion of a number of different "absolute" measures of poverty. This type of measure is often contrasted with measures of relative poverty, which classify entities as "poor" not by comparing them to a fixed cutoff point, but by comparing them to others in the population under study. External links Extreme poverty Absolute poverty can also be used to mean an extremely low standard of living -- for example, lacking adequate water, food, clothing, shelter, or basic health care, due to sheer lack of income or assets. External links - http://www.worldbank.org/research/peg/wps11/
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