4. Economy, Poverty & Wealth Flashcards
what is poverty’s definition
state or condition where people/communities lack financial resources and essentials for a minimum standard of living and basic human needs cannot be met
what are 3 causes of poverty
lack of good jobs/job growth
lack of education
social injustice
how does a lack of good jobs/job growth cause poverty
when you dont have a good job you arent getting a good income
how does a lack of education cause poverty
poverty is a cycle and without education, people arent able to better their situations
how does social injustice cause poverty
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
what are some real life situations/statistics about how lack of good jobs/job growth leads to poverty - democratic of Congo example
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.
what are some real life situations/statistics about how lack of good jobs/job growth leads to poverty -USA example
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.
how much of the DRC population live below the poverty line
50%
what are some real life situations/statistics about how lack of education leads to poverty
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.
according to UNESCO, how many people could be free of extreme poverty if they only had basic reading skills.
170 million
what are some reasons that people arent getting educated - 3 examples
families need kids to work
there aren’t schools close by
girls aren’t being educated because of sexism and discrimination.
what are three consequences of poverty
emotional/psychological
material
societal
what are the 4 emotional/psychological & social consequences of poverty
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
what are three material consequences of poverty
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
what are some basic needs that arent met due to poverty
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
what are 2 societal consequences of poverty
being exploited and forced into illegal situations
turn to crime or reliance on substances to cope
what are some real life situations/statistics of substance abuse due to poverty
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.”
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.”
across 17 states
in 2002 - 2014
how can poverty be improved - 3 ways
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
how can meeting basic needs help improve poverty - 5 ways
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
Communities, governments, and corporations need to collaborate to implement strategies that improve living conditions for the world’s poor - how can this improve poverty
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
