Absolute Poverty

Absolute poverty refers to a situation where an individual or a family cannot afford to provide for their basic needs such as food, shelter, clothing, and healthcare. It is a condition where a person's income is not enough to meet the minimum standard of living set by the government or international organizations.

Explanation

Option 'A' is the correct answer because having insufficient income to provide a minimum standard of living is an indication of absolute poverty. In this situation, individuals or families lack the basic resources required to maintain their health and well-being. Absolute poverty is often associated with developing countries where a large percentage of the population lives below the poverty line.

Difference between Absolute and Relative Poverty

Relative poverty, on the other hand, refers to a situation where an individual's income is less than the average income of the society they live in. It is a measure of inequality and social exclusion rather than a lack of basic needs. In this case, individuals may have access to basic needs, but they cannot afford the same standard of living as others in their society.

Conclusion

In conclusion, absolute poverty is a severe condition where individuals or families lack the basic resources required to maintain their health and well-being. It is a situation where a person's income is not enough to meet the minimum standard of living set by the government or international organizations. On the other hand, relative poverty is a measure of inequality and social exclusion rather than a lack of basic needs.