Poverty is categorized into relative and absolute forms, with relative poverty comparing economic disadvantage to wealthier members of society, while absolute poverty signifies the inability to afford essential survival needs.
The explanation for poverty not given in class is Natural Predicaments, like "natural" disasters. Poverty is often classified into relative poverty, absolute poverty, and subjective poverty. While relative poverty denotes economic disadvantage compared to wealthier members of society, absolute poverty refers to the inability to afford basic necessities such as food and shelter.
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