Sunday, February 27, 2011

Poverty


Poverty is lack of clean water and food, no shelter, no safe health services, no education or no job. At a national level, it means that the government is poor and can’t invest these areas. Poverty is often a result of unrest between different groups of people.

Absolute Poverty
This 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
This measures the extent to which a household’s financial recourses fall behind 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 incomes and wealth have been unevenly distributed across the population.

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