Explain the following terms:-
a) Poverty
b) Absolute poverty
c) Relative poverty
d) Poverty line
e) International poverty line
f) Social Exclusion
h) Vulnerability
i) Economic growth
Answers
b) Absolute poverty: “absolute poverty is a condition characterized by severe deprivation of basic human needs, including food, safe drinking water, sanitation facilities, health, shelter, education and information. It depends not only on income but also on access to social services.
c) Relative poverty: Relative poverty is the condition in which people lack the minimum amount of income needed in order to maintain the average standard of living in the society in which they live. Relative poverty is considered the easiest way to measure the level of poverty in an individual country.
d) Poverty line: the estimated minimum level of income needed to secure the necessities of life
e) International poverty line: The international poverty line was originally set to roughly $1 a day. When purchasing power parity and all goods consumed are considered in the calculation of the line, it allows organizations to determine which populations are considered to be in absolute poverty.
f) 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.
h) Vulnerability: the quality or state of being exposed to the possibility of being attacked or harmed, either physically or emotionally
I) Economic growth: an increase in the amount of goods and services produced per head of the population over a period of time
Answer:
) Poverty: the state of being extremely poor.
b) Absolute poverty: “absolute poverty is a condition characterized by severe deprivation of basic human needs, including food, safe drinking water, sanitation facilities, health, shelter, education and information. It depends not only on income but also on access to social services.
c) Relative poverty: Relative poverty is the condition in which people lack the minimum amount of income needed in order to maintain the average standard of living in the society in which they live. Relative poverty is considered the easiest way to measure the level of poverty in an individual country.
d) Poverty line: the estimated minimum level of income needed to secure the necessities of life
e) International poverty line: The international poverty line was originally set to roughly $1 a day. When purchasing power parity and all goods consumed are considered in the calculation of the line, it allows organizations to determine which populations are considered to be in absolute poverty.
f) 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.
h) Vulnerability: the quality or state of being exposed to the possibility of being attacked or harmed, either physically or emotionally
I) Economic growth: an increase in the amount of goods and services produced per head of the population over a period of time