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Option 2 : Situational poverty
The correct answer is Situational poverty.
- Situational Poverty is temporary poverty based on an unfortunate event like an environmental disaster, health problem, job loss, etc.
- Poverty is a scarcity of food, money, clothing, and shelter and people can’t complete their basic needs.
- Generational Poverty is handed over a family at least two generations (one generation to the one).
- Absolute Poverty is also known as extreme or abject poverty which is the scarcity of basic food, health, education, and clean water.
- In other words, where household income is insufficient to afford the basic necessities of life.
- Relative Poverty is a living standard compared to the economic standards where household income is a certain percentage below median income.
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