Explain the Difference Between the Concepts of Relative Poverty, Absolute

question 21

Essay

Explain the difference between the concepts of relative poverty, absolute poverty, and extreme poverty. Provide an example of each.

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Definitions:

Common Shares

A type of equity security that represents ownership in a corporation, giving the holder voting rights and a share in the company's profits via dividends.

Authorized

Officially approved or sanctioned, often referring to a specified amount of capital stock a corporation is legally permitted to issue.

Issued

In finance, issued refers to the process of making securities available for sale to the public or the specific quantity of securities that have been made available.

Market Value

The current price at which an asset or service can be bought or sold in the open market.