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For example, if there is only one internet service provider in an area, the customers, not knowing the features and services of other ISP in other areas, remain content with what they are getting.
They cannot compare the features of service and hence have an absolute experience, not relative.
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Thank you so much for taking your time and knowledge to support my concerns.
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.
So, it is more of a perspective based on comparison rather than seeing something as an individual entity.
Though, in a market, when buying a product, one gets a chance to compare the product with other similar products made by several companies and this helps in choosing one that is most suitable for his requirements.
Let us take a closer look at the two concepts, absolute and relative.
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.
Every individual has a genetic code that is different and thus there are differences in absolute risks of different people.