Poverty

Poverty, My Definition

When people do not have many of the basic needs, e.g. safe drinking water, food, shelter and employment. Also when your country cannot afford education and as a result many are unemployed. When in poverty many are powerless, with a lack of representation and freedom and there usually will be no change.

Absolute and Relative Poverty

·         Absolute PovertyAbsolute poverty measures the number of people living below a certain income threshold or the number of households unable to afford certain basic goods.

·         Relative PovertyRelative poverty measures the extent to which a household’s financial resources fall 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