theme 4: poverty and inequality

Question 1

absolute poverty meaning

Answer 1

when people cannot afford their basic needs like water food and shelter

$1.90 per day

Question 2

relative poverty meaning

Answer 2

households make less than 60% of the median income

Question 3

poverty trap meaning

Answer 3

when living on benefits is more desirable than working as the income you make from work will get taxed decreasing over all income compared to if they stayed on the benefits

Question 4

causes of global poverty

Answer 4

exploitation of workers
geopolitical issues
natural disasters
destruction of factors of production
corruption
land locked countries
access to education / healthcare
protectionism
lack of welfare
worsing in terms of trade

Question 5

causes of poverty in the uk

Answer 5

high cost of living
unemployment/ inactive rate
discrimination
de-industrialisation - structural unemployment
occupational immobility
regional decline
regressive tax
less welfare
shocks
changing in government policy

Question 6

income meaning

Answer 6

flow of money

Question 7

wealth meaning

Answer 7

stock of assets

Question 8

income inequality meaning

Answer 8

extent to which income is distributed unevenly in an economy

Question 9

causes of inequality in countries

Answer 9

different income levels
savings gap
wealth levels
inheritance
government policy of how they tax people

Question 10

inequality between countries causes

Answer 10

natural disasters
history- colonisation
access to healthcare and education