Poverty: Definitions

Question 1

Define poverty

Answer 1

The situation of people whose resources are so limited as to exclude them from the minimum acceptable way of life.

Question 2

Define absolute poverty

Answer 2

The situation of people whose deprivation is extreme because they do not have access to the basic necessities of food, clothing and shelter.

Question 3

Define relative poverty

Answer 3

The situation of people whose income an lifestyle have fallen below, by more than a certain degree the average income an lifestyle enjoyed by the rest of society.

Question 4

Define progressive tax

Answer 4

Personal income tax system where the percentage of tax increases as income increases.