Poverty Flashcards
Is the deprivation of food, shelter, money and clothing when people can’t satisfy their basic needs.
Poverty
Lack of money or more broadly in terms of barriers to every day human life
Poverty
According to ____________, Poverty also involve social disintegration and environmental degradation which describe as forming the threefold human crisis in the world today.
David Kurten
It refers to the state of severe deprivation of basic human needs
Absolute Poverty
It is defined contextually as economic inequality in location or society in which people live.
Relative Poverty
Factors that poor people identify as part of poverty.
Precious livelihood
Excluded location
Physical limitation
Gender relationship
Lack of security
Problems in social relationship
Weak community organization
Limited capabilities
It is a graphical representation of cumulative distribution function of empirical probability distribution of wealth. Developed by Max O. Lorenz in 1905 for representing inequality of the wealth distribution.
Lorenz Curve
It is the minimum level of income deemed adequate in a given country.
Poverty line or Poverty threshold
Characteristics of Poverty
Health
Hunger
Housing
Education
Violence
It simply measures the proportion of the population that is counted as poor.
Head Count Index
It is a measure of the intensity of poverty. It estimates the depth of poverty by considering how far, on the average, the poor are from that poverty line.
Poverty Gap Index
It is calculated by averaging the squared poverty gap ratio. Also known as poverty severity index or is related to poverty gap index.
Squared Poverty Gap Index
Characterized by those disadvantaged in basic living.
Extreme Poverty
The most common measure of poverty.
Poverty Rate
Further classification ofthe part below the poverty line suffering from extreme hunger called _________.
Subsistence Incidence.
The uneven distribution of accumulated assets after deducting the liabilities.
Wealth inequality
It is income distributed in an uneven manner.
Income inequality
Is the percentage of families or individuals with per capita income or expenditure less than the per capita poverty threshold to the total of families.
Poverty Incidence
Is seen to be inevitable where there is a system of means-tested social security benefits, the situation where a slight increase is earnings leads to an individual or family being worse off overall as a consequence of losing entitlement to other benefits.
Poverty Trap
Poverty Reduction
Cash Transfer
In-Kind Transfers
Work Incentives
Minimum Wage Law
Adjust Tax Code
Sustainable Development Goals
The inequality gap in curve line is called ___________, a scalar metric of inequality that was produced by Corrado Gini, who further enhanced the Lorenz curve.
Gini Coefficient
