What Is Poverty? (Grade 11 NSC Matric Economics): Flashcards
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Poverty definition (World Bank)
Poverty definition (World Bank)
Inability to achieve minimum standard of living
Absolute poverty (destitution)
Absolute poverty (destitution)
Very low income, can't afford basic human needs
Relative poverty
Relative poverty
Less resources than socially acceptable vs others in society
Global absolute poverty approx. number
Global absolute poverty approx. number
1.7 billion people
Poverty line income
Poverty line income
Minimum amount needed to cover basic needs
Headcount index (rate of poverty)
Headcount index (rate of poverty)
% of population below poverty line
Poverty gap measures
Poverty gap measures
Average distance from poverty line; intensity/severity
Headcount index limitation
Headcount index limitation
Shows how many poor, not how far below poverty line
Poverty causes include
Poverty causes include
Lack of education, employment, healthcare, resources, corruption
Poverty effects include
Poverty effects include
Hunger, crime, health issues, urbanisation, continuing cycle