Absolute and relitive dating
Let us see how relative perspective is used with regard to poverty in some countries.
Relative poverty is a concept where people below this threshold are compared with those lying above the poverty line, to analyze the extent to which poor household’s fall below the nation’s average income households, compare living standards and devise welfare programs to end this divide.
Seriation uses the assumption that once a tool was developed, its use would become more widespread.
Stratigraphy uses the assumption that higher layers or strata were laid down after lower layers.
A threshold is set up and the households having total earnings falling below this threshold are marked as poor.Unlike in absolute grading, where a grading system already exists, in relative grading, the grades awarded depend on the marks gained by the best students. • Relative evaluation has a basis or standardization which decides whether the performance is good or bad compared to others.• The concept of absolute and relative analysis is freely being used in healthcare, risk assessment, grading of students, and virtually every walk of like these days.In absolute grading, the grades are already set as more than 85 is A, more than 70 and less than 85 is B, more than 55 and less than 70 is C, etc.So, each student has a chance of scoring as long as he or she is working hard enough to meet these grade limits.