4.6.6 Poverty and inequality

• Poverty refers to the lack of access to basic necessities such as food, water, shelter, healthcare, and education
• Poverty is an absolute measure of deprivation
• What is the key difference between poverty and inequality?

  Absolute vs. relative measures
• Inequality measures the gap between the rich and the poor in a society.


  True
• Poverty can exist even in wealthy countries.


  True
• Match the poverty measure with its definition:

  Absolute Poverty ↔️ Minimum income to afford basic necessities

  Relative Poverty ↔️ Income below a percentage of median income

  Multidimensional Poverty ↔️ Lack of health, education, and living standards
• Economic factors causing poverty include unequal access to resources
• What is one economic factor that causes poverty?

  Unemployment
• Limited educational opportunities are a consequence of poverty
• The consequences of poverty and inequality can be far-reaching and detrimental to both individuals and society
• What is one consequence of poverty on health outcomes?

  Higher rates of malnutrition
• Intergenerational poverty makes it easy for individuals to improve their economic status.

  False
• What does inequality measure within a society?

  The gap between rich and poor
• Poverty is an absolute measure of deprivation
• Absolute poverty measures the minimum income needed to afford basic necessities
• Match the poverty measure with its definition:

  Absolute Poverty ↔️ Minimum income for basic necessities

  Relative Poverty ↔️ Income below median income

  Multidimensional Poverty ↔️ Lack of health, education, and living standards
• Multidimensional poverty captures multiple aspects of deprivation
• What is one political factor that contributes to poverty and inequality?

  Corruption
• Economic, political, and social factors interact to create and perpetuate poverty and inequality in the international economy.


  True
• Reduced economic growth is a consequence of inequality
• What is one strategy to reduce poverty and inequality through government policies?

  Robust social safety nets
• Investing in education enhances skills and employment
• Corruption is a political factor that contributes to poverty.


  True
• Order the consequences of poverty and inequality:

  1️⃣ Lack of access to basic needs

  2️⃣ Poor health outcomes

  3️⃣ Limited educational opportunities

  4️⃣ Intergenerational poverty
• Intergenerational poverty makes it difficult to break the cycle of deprivation.


  True
• Poverty can lead to a lack of access to basic needs such as food, water, and shelter.


  True
• Limited educational opportunities are a consequence of poverty
• Poverty refers to the lack of access to basic necessities
• Poverty is an absolute measure of deprivation, while inequality is a relative measure of disparity.


  True
• What does poverty focus on meeting in terms of living standards?

  Minimum standards
• What does relative poverty reflect within a society?

  Income inequality
• What is the significance of absolute poverty in measuring deprivation?

  Fundamental needs unmet
• Unequal access to resources is an economic factor that causes poverty and inequality in the international economy.

  True
• Social factors such as discrimination can limit access to opportunities and resources
• What is one consequence of poverty related to basic needs?

  Lack of access to food
• Limited social mobility reduces the ability of individuals to improve their economic status.

  True
• Fiscal policies aim to redistribute wealth through government spending and tax collection.


  True
• Why must social safety nets be carefully designed to avoid dependency?

  To encourage self-sufficiency