What is absolute & relative poverty? Flashcards
What is absolute poverty?
Earning less than $2.15 a day
What percentage of the world’s population live in absolute poverty?
8% or 650million people
Where is extreme poverty found?
Mainly throughout africa, sothern regions of Asia and Brazil
What is relative poverty?
The condition in which people lack the minimum amount of income needed in order to maintain the average standard of living in the society in which they live
How does the cycle of poverty go?
Poor Household
Little food, unclean water, no school
Diseases, infection, no energy amd skills to work
Low productivity
Low or no income
Low self esteem, no personal control
High child births, sick elderly, more dependents
What is the difference between absolute and relative poverty?
Relative aplies to the standard of living where you live
Absolute doesn’t matter where you live
What are causes of poverty?
Debt
Legal cases
Divorce
Gambling/bad investments
Born into poverty
DIscrimination
Poor education
Lack of job oppourtunities
Natural disasters
Climate
Healthcare
Lack of government support
War
Inflation
Displacement
Lack of food and water