4. Economy, Poverty & Wealth

Question 1

what is poverty’s definition

Answer 1

state or condition where people/communities lack financial resources and essentials for a minimum standard of living and basic human needs cannot be met

Question 2

what are 3 causes of poverty

Answer 2

lack of good jobs/job growth

lack of education

social injustice

Question 3

how does a lack of good jobs/job growth cause poverty

Answer 3

when you dont have a good job you arent getting a good income

Question 4

how does a lack of education cause poverty

Answer 4

poverty is a cycle and without education, people arent able to better their situations

Question 5

how does social injustice cause poverty

Answer 5

people who are victims of social injustice struggle with getting a good education, the right job opportunities and access to resources that can lift them out of poverty

Question 6

what are some real life situations/statistics about how lack of good jobs/job growth leads to poverty - democratic of Congo example

Answer 6

In many countries, traditional jobs like farming are disappearing. In the Democratic Republic of Congo most of the population live in rural areas stripped of natural resources from years of colonialism.

Half of the DRC live below the poverty line.

Question 7

what are some real life situations/statistics about how lack of good jobs/job growth leads to poverty -USA example

Answer 7

Even in nations like the United States where many people do have jobs, those jobs aren’t paying enough. According to the Economic Policy Institute, large groups of workers with full-time, year-round employment are still below federal poverty guidelines.

Question 8

how much of the DRC population live below the poverty line

Answer 8

50%

Question 9

what are some real life situations/statistics about how lack of education leads to poverty

Answer 9

according to UNESCO, over 170 million people could be free of extreme poverty if they only had basic reading skills. However, in many areas of the world, people aren’t getting educated as families need kids to work, there aren’t schools close by, or girls aren’t being educated because of sexism and discrimination.

Question 10

according to UNESCO, how many people could be free of extreme poverty if they only had basic reading skills.

Answer 10

170 million

Question 11

what are some reasons that people arent getting educated - 3 examples

Answer 11

families need kids to work

there aren’t schools close by

girls aren’t being educated because of sexism and discrimination.

Question 12

what are three consequences of poverty

Answer 12

emotional/psychological

material

societal

Question 13

what are the 4 emotional/psychological & social consequences of poverty

Answer 13

isolation from loved ones

experiencing discrimination, stereotypes and prejudice

Feeling powerless and excluded with little control over the decisions that affect your day-to-day life

Unable to participate in normal social and recreational life

Question 14

what are three material consequences of poverty

Answer 14

lacking info about support services available

basic needs arent met

living from day to day with no savings or reserves for times of crisis such as losing a job or falling ill

Question 15

what are some basic needs that arent met due to poverty

Answer 15

lack of access to decent housing, health services and schools and life-long learning opportunities

Unable to afford essential utilities, healthy food, new clothing or public transport

Unable to afford to afford healthcare

Question 16

what are 2 societal consequences of poverty

Answer 16

being exploited and forced into illegal situations

turn to crime or reliance on substances to cope

Question 17

what are some real life situations/statistics of substance abuse due to poverty

Answer 17

2019 Drug and Alcohol Dependence study found that “across 17 states in 2002–2014, opioid overdoses were concentrated in more economically disadvantaged zip codes, indicated by higher rates of poverty and unemployment as well as lower education and median household income.”

Question 18

the 2019 Drug and Alcohol Dependence study found that “across ___ states in ___ - ____, opioid overdoses were concentrated in more economically disadvantaged zip codes, indicated by higher rates of poverty and unemployment as well as lower education and median household income.”

Answer 18

across 17 states

in 2002 - 2014

Question 19

how can poverty be improved - 3 ways

Answer 19

meeting basic needs

Communities, governments, and corporations need to collaborate to implement strategies that improve living conditions for the world’s poor.

De-stigmatisation of poverty and its associated implications such as homelessness

Question 20

how can meeting basic needs help improve poverty - 5 ways

Answer 20

Installing wells that provide access to clean drinking water

Educating farmers on how to produce more food

Constructing shelter for those in need

Building schools to educate disadvantaged communities

Providing enhanced access to better healthcare services by building medical clinics and hospitals

Question 21

Communities, governments, and corporations need to collaborate to implement strategies that improve living conditions for the world’s poor - how can this improve poverty

Answer 21

Boosting socioeconomic conditions

Fighting and eliminating systemic racism and other forms of discrimination

Establishing minimum wages that align with the cost of living, providing paid leave, and promoting pay equity