Poverty Flashcards
Learn about poverty.
1
Q
What is absolute poverty?
A
A lack of sufficient resources to survive.
2
Q
What is relative poverty?
A
When you have less money than someone else - sometimes defined as having less than 60% of the median income.
3
Q
How can poverty be quantified?
A
GDP per capita
Household income
Educational level attained
State of health
4
Q
What factors can cause poverty?
A
Unemployment Lack of qualifications Disability Age Debt Lack of information (on jobs, budgeting, etc.) Government policy (contractionary)
5
Q
What effects can poverty have?
A
Cycle of joblessness Cycle of poor educational attainment Poor health Local communities suffer Financial burden on government
6
Q
How can we reduce poverty?
A
Progressive taxation
Benefit system
Minimum (or living) wage
Improved training or education
7
Q
What ethical considerations are to be made?
A
Is relative poverty a problem? (Arguably not.)
Do benefits encourage unemployment? (Arguably yes.)
