Question

Explain the following term . a. Absolute poverty b. Relative poverty c. International poverty line d. Social exclusion e. Vulnerability f. Economic growth


each term contain 2 mark ​

Answer 1

Answer:

Absolute poverty-

Absolute poverty is when household income is below a certain level, which makes it impossible for the person or family to meet basic needs of life including food, shelter, safe drinking water, education, healthcare, etc.

Relative poverty-

Relative poverty is when households receive 50% less than average household incomes, so they do have some money but still not enough money to afford anything above the basics. This type of poverty is, on the other hand, changeable depending on the economic growth of the country.

International poverty line-

The poverty threshold, poverty limit, poverty line or breadline, is the minimum level of income deemed adequate in a particular country. Poverty line is usually calculated by finding the total cost of all the essential resources that an average human adult consumes in one year.

Social exclusion-

exclusion from the prevailing social system and its rights and privileges, typically as a result of poverty or the fact of belonging to a minority social group.

Vulnerability-

vulnerability to poverty is a measure, which describes the greater probability of certain communities or individuals of becoming poor in the coming years.

Economic growth-

an increase in the amount of goods and services produced per head of the population over a period of time.