What term defines poverty in relation to others’ economic position

Socioeconomic Inequality

Explanation:

Poverty has generally been defined in two ways:

As the impossibility of satisfying basic subsistence needs, such as food, health, housing, clothing and access to health (drinking water, sanitation, sewage or contaminated water services, among others.) This way of defining it has to do with aspects of human subsistence.

On the other hand, it can also be defined in terms of the capacity that some people have to access goods and services - not just material - of a society in comparison to the wealthiest members of it. In this case, the definition of poverty has more to do with the term "socioeconomic inequality."

In other words, there are societies in which the satisfaction of individuals' basic needs is no longer a problem, but there is a marked gap between those who earn the most and those who earn the least. This gap is called “socioeconomic inequality”, a term in which “poverty” is defined concerning “other economic positions”.

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