On the basis of social, economical and political aspects, there are different ways to identify the type of Poverty:
Absolute poverty :-
Absolute poverty can be defined as the state in which a subject lacks the means to meet his or her basic needs. Such basic needs are usually include food, water, shelter, basic education, and basic medical health care .
Relative Poverty :-
Relative poverty is the level of poverty that changes based on context– it is relative to the economic climate. Relative poverty is measured as the percentage of the population with income less than some fixed proportion of median income. when a household receives 60% of the average household income in their own economy. They do have some money, however, not enough to afford anything above the basics .
Situational Poverty :-
Situational poverty is generally caused by a sudden crisis or loss and is often temporary. Causes can include environmental disasters, divorce, or severe health problems.
