4.2.1: Absolute & Relative Poverty Flashcards
1
Q
When does poverty occur?
A
- Poverty occurs when individuals or households are deprived of material possessions and income which stops them from having a decent standard of living
2
Q
What is absolute poverty?
A
- When individuals or households are deprived/ unable to afford basic human needs
3
Q
When does the World Bank define absolute poverty?
A
- Anyone living on less than US$1.90 a day
4
Q
What is relative poverty?
A
- Relative poverty occurs when individuals or households are poor in comparison to the rest of the population.
5
Q
What contributes to increased poverty in the Uk?
A
- Access to benefits/ red tape
- Inflation (impacts cost of living)
- Unemployment/ low econ growth
- Global natural disasters
6
Q
What are the different measurements of poverty?
A
Minimum Income Standards (MIS)
- Households Below Average Income (HBAI)
- Material Deprivation
7
Q
What is MIS?
A
- (Minimum Income Standards): a measurement of what is required to achieve a minimum acceptable standard of living
8
Q
What is HBAI?
A
- (Households Below Average Income): based on government statistics, the poverty line is said to be where household income is below 60% of median household incomes
9
Q
What is material deprivation?
A
- How affordable a basket of goods and services is in order for individuals to have an acceptable standard of living in their own country
10
Q
What are some of the causes of changes in poverty?
A
- Age
-Low wages and unwaged
-Social issues
11
Q
How does age cause a change in poverty?
A
- As the economy grows each generation is richer than the previous one
- Many retired people rely on the state pension
12
Q
A
