Important Terms and Concepts - Poverty as a Challenge
Category : 9th Class
Poverty as a Challenge
IMPORTANT TERMS AND CONCEPTS
- Poverty. It is a state in which people do not have sufficient income to fulfill the basic necessities of life like food, clothing and shelter.
- Absolute poverty refers to the total number of people living below poverty line.
- Relative poverty refers to poverty of people in relation to other people, regions or nations.
- Poverty line is the level of income which divides the population as poor and non-poor. It is drawn on the basis of minimum consumption expenditure.
- International poverty line is defined by World Bank as an income of less than $1 per day.
- Social exclusion is the state of living in very poor conditions and excluded from facilities, benefits and opportunities that others enjoy.
- Vulnerability describes that level of poverty when people have a greater probability of being adversely affected than other people at the time of natural disasters.
- Economic growth is the term which defines an increase in real output of a country.
