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b5 economic factors
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Cards (2)
income - money coming in
expenditure - money coming out
—
absolute
poverty - a state where people
can’t
afford basic
resources
(
clothes,
food,
housing)
—
relative
poverty - a state where people can
afford
basic resources but
nothing
else
living with a lack of income means being unable to live in a minimal acceptable standard
lifestyle
- represents the way you choose to
spend
your
time
and
money
— people’s
leisure
activities,
exercise,
diet,
how you dress and
present
yourself
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