Final answer:
Transient poverty refers to a temporary period of economic hardship where individuals fall below the poverty line due to sudden changes like job loss, distinguishing it from relative and absolute poverty.
Step-by-step explanation:
Transient poverty is usually measured as a spell of poverty that lasts for a temporary period in which individuals or families fall below the poverty line, often due to sudden economic changes such as job loss, before recovering financially. In contrast to relative poverty, which involves the inability to live the lifestyle of the average person in one's country, or absolute poverty found in underdeveloped countries where individuals cannot afford basic necessities, transient poverty is characterized by its temporary nature. People may dip into poverty during times of economic recession or significant job market changes and may eventually recover, although they might have to accept jobs with lower wages or part-time hours.