ffactors affecting growth and development - economic ffactors

Question 1

income defenition

Answer 1

the money comming into a household; usually from wages, pension, state benefits

Question 2

savings defenition

Answer 2

surplus money - when a person has more money than they need to meet all their commitments and are able to put some of it away

Question 3

bills

Answer 3

people have to pay for some services to live: rent/mortgage, council tax, gas, electricity, water rates, transport costs

Question 4

debt

Answer 4

money borrowed and owed
loans for things such as a house or car

Question 5

material possessions

Answer 5

objects we have

Question 6

luxury goods

Answer 6

items we want, but do not need to have

e.g. large house, designer clothes, expensive cars

Question 7

absolute poverty

Answer 7

• lacking mimimum income
• cannot pay for food, fuel, housing
• 19% of the UK are in absolite poverty
  - this is relieved by benefits

Question 8

relative poverty

Answer 8

• a household income of less than 60% of the median income
• 21% of the uk are in relative poverty

Question 9

social exclusion

Answer 9

being isolated - lacking rights, benefits and resources normally available to members of society

Question 10

educational oppertunuties

Answer 10

above minimum income standard:
- private school - fewer in class so more personall attention, live in area with a good school
- more oppertunuties

below minimum income standard:
- live in a deprived area
- less oppertunuties
- cant afford equipment

Question 11

leisure oppertunuties

Answer 11

above minimum income standard:
- afford to do more - hobbies, holidays, days out
- gym membership

below minimum income standard:
- cant afford to do stuff - cinema, holidays, hobbies
- strain at christmass
- can lead to crime and anti social behaviour

Question 12

diet and nutrition

Answer 12

above minimum income standard:
- can afford fruit, veg - variety
- can afford to eat out

below minimum income standard
- survive off cheap food - less nutritional value, lowers immune system

Question 13

housing conditions

Answer 13

above minimum income standard:
- warm, clean, spacious
- safe neighbourhood
below minimum income standard:
- draughty, cold, crowded
- dangerous neighbourhood

Question 14

health

Answer 14

above minimum income standard:
- better health choices, better diet
- less stress and worry about money

below minimum income standard:
- poorer health choices - lower immune system
- higher rates of smoking, drinking gambling
- more financial pressure

Question 15

possible effects of poverty

Answer 15

• babies born in poverty tend to weigh less
• more likely to suffer from chronic illnes
• 3x more likely to develop mental health problems
• more likely to experience social isolation
• more likely to have diet related problems