What is the difference between relative poverty and absolute poverty? - Economics | Shaalaa.com
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Wealth Transfer vs. Wealth Creation. 📉 Let’s cut through the noise on poverty metrics. Relative poverty is just a measure of distance from the median. It’s arbitrary. Absolute poverty is what actually matters, but bad politics and bad economics love to muddy the water. The latest policy shifts? They are a transfer of wealth, not a creation of it. Sure, it puts money in pockets and supports the rent roll at the bottom end of the LHA market—but who pays? The taxpayer. It doesn’t solve the structu
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