Mrunal Patel's video: Economy Subjective Poverty Relative Poverty Absolute Poverty Line Explain for UPSC IAS IPS exam

We are looking at this topic because it was asked in the UPPCS 2023 Prelims exam. 1) Subjective Poverty: Subjective poverty refers to an individual's perception and experience of being poor, based on their own subjective evaluation. e.g. Anil Kapoor son Harshvardhan Kapoor feeling that he is over because he is unable to afford a brand-new Lamborghini. 2) Relative Poverty: Relative poverty is a measure of poverty that compares an individual or group's income or resources to the average income or resources of the society. e.g. if you are an annual income is less than the 60% of the median income of others in your nation. 3) Absolute Poverty: where individuals or families lack the minimum level of income or resources required to meet their basic needs. e.g. World Bank’s Poverty line of $2.15 per day 👨‍🏫Unacademy UPSC IAS/IPS Coaching: https://unacademy.com/@mrunal.org (use 🔖Discount code "Mrunal.org") 🟧🟨🟧 ☑️📜Website: https://mrunal.org ☑️👬FB: https://www.facebook.com/Mrunal.org/ ☑️♐️Telegram: https://telegram.me/mrunalorg ☑️👨‍🏫Unacademy UPSC IAS/IPS Coaching: https://unacademy.com/@mrunal.org (use 🔖coupon code "Mrunal.org" for an extra discount!🤑) ☑️📯Twitter: https://twitter.com/Mrunal_Patel ☑️🛒Amazon: https://www.amazon.in/shop/mrunal (For purchasing competitive exam books)