Unit 3 Rich And Poor In British Society

Question 1

Definition of wealth

Answer 1

A large amount of money or investments

Question 2

Definition of poverty

Answer 2

Being without money, food or basic needs of life

Question 3

What is debt

Answer 3

A situation where a person or organisation owes more money than it owns

Question 4

What is inheritance

Answer 4

When a friend or family member leaves you money or property in their will for when they die

Question 5

What are excessive saleriez

Answer 5

Large amounts of money earned, plus the possibility of many bonuses and share options

Question 6

What is poverty trap

Answer 6

Not being able to break out of poverty

Question 7

What is minimum wage

Answer 7

The minimum amount of money an employer must pay an employee based on their age

Question 8

What is charity

Answer 8

Giving to the needy or an organisation which works to help others, rather than to make a profit

Question 9

What is the national lottery

Answer 9

Regular gambling competition for those over 16 which offers large prizes of money and donates money to charities

Question 10

What is personal wealth

Answer 10

Possessions and investments owned by an individual person

Question 11

What is the communist philosophy

Answer 11

An idea that tries to close the gap between the rich and poor, tries to create more equality

Question 12

What do buddhists learn about wealth

Answer 12

They often donate a lot of money as they believe having too much may lead you to craving more money, this will restrict you from being able to have real happiness. However, they still teach you to earn enough money for a comfortable life that fulfils all the basic necessities, wealth must also be earned honestly that respect the eightfold path

Question 13

What are christians taught about poverty

Answer 13

Excess money should be given to help the poor. Jesus taught people that by giving away riches in this life, you are building up riches in the heaven

Question 14

What did Matthew 6:24 teach about wealth

Answer 14

“No one can serve two masters…you cannot serve both god and money”. This means you should use your talents and skills to follow God and his teachings, not to build up wealth for your own benefit.

Question 15

What are Hindus taught about wealth

Answer 15

There not taught that wealth is a bad thing as they believe it may be a reward for good karma from a previous life. Some also believe the poor are being punished for sins they committed in a previous life. They still teach you to help the poor though as it gives you good karma .

Question 16

What did Mahabharata teach about helping others

“Do not do…”

Answer 16

“Do not do to another what you would not want done to yourself”

Similar to “love your neighbour as yourself” do to others how you would like to be treated,

Question 17

What are muslims taught about wealth

Answer 17

It’s a gift from Allah and sh Utd be used to help others. They believe the value of money isn’t what it is but is in what I can do. One of the 5 pillars of Islam is zakah which teaches muslims to donate 2.5% of their annual income to charity

Question 18

What are Jews taught about wealth

Answer 18

They are allowed to want to earn lots of money, but it should take the place of God or else it may lead to sin, greed and selfishness. They give 10% of annual income to charity and children are encouraged to find coins to give to charity.

Question 19

Hat are sikhs taught about wealth

Answer 19

It may be the result of a previous life so not necessarily bad but spiritual goals are still much more important. They believe everyone should have access to basic needs and that it is the duty of the wealthy to make sure this happens.

Question 20

How can poverty be overcome

Answer 20

Education and training can give people the skills needed to get well paid jobs so they can earn a good life for themselves
Counselling can help people find jobs best suited to their skills.
Government help such as minimum wage means that anyone who has a job should be able to support themselves even if it is only by a little. Pensions also make sure the elderly can live ok.