Describe the difference between relative and absolute poverty. What countries is each type more likely to affect, in terms of income levels.

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Describe the difference between relative and absolute poverty. What countries is each type more likely to affect, in terms of income levels.

Please answer the following questions. 1.Describe the difference between relative and absolute poverty. What countries is each type more likely to affect, in terms of income levels. 2.Pick one of the explanations for poverty and describe why you think this would lead to poverty. 3.Pick a different explanation for poverty and describe again why you think this would lead to poverty. 4.Briefly describe the modernization theory. With this theory in mind, why doesn’t every culture adopt industrialization? 5.Briefly describe the dependency theory, and explain one reason why it exists.

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