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Distribution of Income and Wealth, Poverty and Inequality
The problem of poverty
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Created by
Tasnim Ullah
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Cards (25)
What is absolute poverty defined as?
Living below
subsistence level
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What basic needs are included in absolute poverty?
Food, clean water, sanitation, health,
shelter
, education
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What measurement does the World Bank use for absolute poverty?
Less than
$1.25
per day
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How is relative poverty measured in the UK?
Below
60%
of the
median income
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What is used to measure relative poverty in the US?
A basket of goods maintaining
average living standards
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How can relative poverty be viewed in terms of income?
As a measure of
income inequality
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What are the main causes of poverty?
Inequality
in wages or
unemployment
Welfare payments
Taxes
Disease
,
malnutrition
, and
health problems
Wars
and
conflicts
Corruption
and
political oppression
Natural disasters
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How does education level affect job opportunities?
Higher education
leads to
higher wage jobs
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What is the impact of part-time and temporary jobs on employment?
They leave people
underemployed
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What economic change has affected job availability in the UK?
Shift to a
service-based
economy
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What is structural unemployment?
Long-term unemployment due to
skill deterioration
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How do welfare payments compare to wages?
They increase
less
than wages
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What effect do regressive taxes have on income inequality?
They increase inequality and
relative poverty
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How can health issues impact employment?
They make it hard to get a
job
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What are the effects of wars and conflicts on poverty?
They can leave people
homeless
and impoverished
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How does corruption affect poverty levels?
It can lead to higher levels of
relative poverty
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What impact do natural disasters have on poverty?
They can destroy
livelihoods
and increase poverty
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What health issues are associated with high poverty rates?
Lower
life expectancies
and poorer health standards
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How does malnutrition affect children's development?
It results in poor
cognitive development
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What societal issues can arise from poverty?
Poor
housing
,
crime
, and
mental health
issues
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How does poor sanitation affect health in poverty?
It makes people vulnerable to
fatal
diseases
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What dilemma do families in poverty face regarding education?
Choosing between food and education for
children
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How does lack of education affect economic potential?
Limits access to
higher-paying jobs
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What percentage of India's population is still in poverty?
Roughly
22%
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What are the impacts of poverty on health, society, sanitation, education, and the economy?
Health: Lower
life expectancies
,
malnutrition
Society: Poor housing, crime, social unrest
Sanitation: Vulnerability to
diseases
, lack of clean water
Education: Poor
literacy skills
, limited future opportunities
Economy: Hinders
productive potential
and
growth
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