Absolute Vs Relative Poverty

Question 1

What is absolute poverty

Answer 1

Earning less than $2.15 a day

Question 2

What is relative poverty

Answer 2

The condition in which people lack the minimum amount of income needed to maintain the average standard of living

Question 3

Cycle of poverty

Answer 3

Low productivity—-low or no income—-low self esteem—-high child births, sick elderlies—-poor household—-little food, unclean water, no school—-diseases,infections, no energy and skills to work—low productivity

Question 4

Primary sector of Clark fisher model

Answer 4

Employment involving the collection of raw materials

Question 5

Secondary sector of Clark fisher model

Answer 5

Employments that take raw materials and process them into manufactured goods and products

Question 6

Tertiary sector of Clark fisher model

Answer 6

The service sector that involved the selling of services and skills

Question 7

Quaternary sector of Clark fisher model

Answer 7

Technology and research