In industrialized countries, national poverty lines are sometimes based on the median household income of a country’s population. according to this poverty measure, members of a household are considered poor if their household income is less than 50 percent of the median household income in that country.

Relative

Explanation:

Poverty is the situation a person is in where they do not have material possessions or income to fulfill the needs of a person.

Absolute poverty occurs when a person does not have the enough income to obtain the basic necessities such as food, clothing and shelter.

A person is said to be relatively poor if they have an income which is 50 percent lower than the median household income in that country.

1. government controls industry through policy

2.government is both a consumer and a producer

4. government can use policy t influence economy

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