Monday, February 28, 2011

Absolute Poverty vs. Relative Poverty

What is Poverty?
It is having no power, no control of your life and you live life as if it is your last. A country may not be able to support itself economically and so can lead to war or civil unrest. Poverty is often experienced by certain people of society e.g. certain social groups.

Absolute Poverty
Absolute poverty measures the number of people living below a certain income threshold or the number of households unable to afford certain basic goods and services.
Relative Poverty:
Relative poverty measures the extent to which a household’s financial resources falls below an average income threshold for the economy. Although living standards and real incomes have grown because of higher employment and sustained economic growth over recent years, the gains in income and wealth have been unevenly distributed across the population.
Factors that influence poverty:

  • Child poverty
  • Environmental factors
  • Gender Equality
  • Homelessness
  • Lack of Food
  • Maternal Health/Diseases

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