Economics Poverty Questions

In: Business and Management

Submitted By jct1994
Words 931
Pages 4
Poverty Questions
1A) – The number of children living in poverty before housing costs is significantly (about 1.2 million) lower than after housing cost. This is a trend that is kept constant over the decade as the number of children living in poverty before housing costs in 2006 is about 2.8 million and the number after housing costs is 3.8 million, showing that throughout 1996 to 2006 the number of children living in poverty is higher after housing costs.
The number of children living in poverty is reduced by 2006, both before and after housing costs as in 1996 the number of children living in poverty before housing costs is 3 million and is reduced to 2.8 million by 2006, whereas the number after housing costs is 4.2 million in 1996 and reduced over the decade.
1B) – Absolute poverty is when an individual or household lives below the poverty line, usually when their income is insufficient for them to afford basic shelter, food, clothing and other necessary commodities needed to live. Relative poverty is when people are poor in comparison to others or compared to the national average. However, relative poverty can vary depending on what it is being compared to, whereas absolute poverty would be the same regardless of the position of others in that society.

Absolute poverty shows that individuals may not be able to access basic commodities to suffice their basic needs. Due to various benefit systems being available in the UK, absolute poverty is fairly rare and the data shows absolute poverty in children in the UK being measured by school attendance and health. Whilst high school attendance is a desirable achievement for many developed countries, the definition of poverty could be said to be subjective and attendance in school may not be seen as vital to others. Relative poverty indicates inequality within a country therefore as long as there is inequality…...

Similar Documents

Economic Growth & Poverty Reduction in Bangladesh

...: World Bank 2002 Bangladesh prepared its first Poverty Reduction Strategy Paper (PRSP) titled as ‘Unlocking the Potential: National Strategy for Accelerated Poverty Reduction (NSAPR)’ for the period July 2004 to June 2007, with the aim of attaining Millennium Development Goals (MDGs) by 2015. Bangladesh's march towards meeting the MDGs has been possible largely due to its steady economic growth of nearly 5% annually on average in the 1990s, and nearly 6% annually on average in the new millennium. (130) Public expenditure on education in selected South Asian Countries, 2002 to 2005 Country | Public Expenditure as % of GDP | Maldives | 7.1 | India | 3.8 | Nepal | 3.4 | Bangladesh | 2.5 | Pakistan | 2.3 | Source: Human Development Report, UNDP 2007/2008 Linkage between Growth Rate and Poverty Reduction Analysis of the relationship between economic growth and poverty reduction has gone through various phases in the literature on development. For example, an important principle of the very early theories of development was that the benefits of economic growth would trickle down to the poor. Since then, questions have been raised on the assumption of an automatic link between growth and poverty reduction, and attempts have been made to understand the mechanisms through which the benefits of growth may get transmitted to the poor. Some of the latter categories of studies do also refer to the role of employment; and yet, a rigorous analysis of the...

Words: 2266 - Pages: 10

Economic Growth & Poverty Reduction in Bangladesh

...BUS530 MACROECONOMICS ECONOMIC GROWTH & POVERTY REDUCTION IN BANGLADESH Prepared by Aadil Choudhury 112 0322 660 Section 1 INTRODUCTION The relationship between economic growth and poverty reduction is not always automatic. To achieve poverty reduction, robust economic growth is necessary but not sufficient. The financial allocation and source of finance play a crucial role in implementing the development endeavor and achieving macroeconomic objectives like growth, employment, and price stability. Investing in some sectors of the economy may contribute to rapid economic growth while others may contribute to poverty reduction. Again there are some sectors which may contribute to achieving both growth and poverty reduction. BANGLADESH’S CHALLENGES IN ECONOMIC GROWTH & POVERTY REDUCTION Bangladesh has had some success in attaining economic growth and reducing poverty. But many more challenges lie ahead of us which we must face to eradicate poverty and move towards a poverty-free Bangladesh. Challenge of better monetary management The country has opted for following a selective credit control measures with expansionary credit policy to essential sectors and contractionary policies to luxury items. It has been following 'free-float currency' policy which appears to be a mere luxury with both export and import sectors of the country suffering from structural rigidities. Free float of Bangladesh currency along with erosion of dollar vis-a-vis other...

Words: 3948 - Pages: 16

Poverty

...19.3 Poverty A large section of the Indian society is suffering from poverty. Poverty is a phenomenonSocial Problem :: 201 which is objective as well a subjective. Objectively poverty implies a dehumanizing condition in which people are unable to look after the basic needs. Subjectively poverty stands for perceived deprivation. As such it is relative and any body can feel poor by comparing himself as herself with a rich person. Poor people lack the necessary resources and capacity to satisfy basic needs like food, shelter, health and education. They live under difficult conditions which are not conducive for development of their human potential. As you have learned earlier in the lesson 10 and 11 that for healthy human development a child needs environmental support for survival and development. Poverty interferes with development in many ways. For instance lack of or inadequate nutrition arrests mental development during early childhood. The unavailability of stimulating environment and absence of effective role models decreases the motivation level. A large section of poor children do not go to school. Even if they go they become drop outs and fail to complete education Gender Discrimination Women and men are equally important for the growth and development of individual and social lives. The women play the important role as mother and the same makes it unique. However, careful analysis of Indian society indicates that the situation is not good for women...

Words: 3260 - Pages: 14

Poverty

...This essay looks at how is how personal prejudice, cultural assumptions and structural power relations ignite oppression and discrimination. I have chosen to look at this in relation to poverty and race. This essay aims to define discrimination and oppression, and relate this to what is evident when talking about poverty and race and discuss the implications for the young people I work with. The literal meaning of discriminate is to identify a difference. When the term is used in a legal, moral or political sense it is generally used to refer to unfair discrimination, this refers to the process where a difference is identified and used to impose unfair treatment. Oppression is the outcome of unfair treatment. associated with discrimination has oppressive consequences for the people so affected. It is important to note the differences between anti/discriminatory and anti-oppressive practice are primarily semantic, rather than theoretical or ideological. What is paramount is that as care and social workers we all must tackle this issue head on, without fear of opening a can of worms. Poverty is an issue that has been talked about for many years in Scotland. Nethetheless, in despite severity of the situation, and regardless of the impact on our youth, and ultimately the future of our country. Even though legislation put in place to ensure the well being of our children, it can be argued that not enough is being done to tackle the issue. Poverty is an issue which...

Words: 2061 - Pages: 9

Poverty

... extremely varied and wide in scale. The solutions provided for many questions regarding the causes and effects of poverty have created an important understanding and attracted important contribution from all quarters. The government interventions and the effective intervention programs are increasing the sum of public and private efforts in dealing with the social issue (Peilin, 2012). Sociological theories and terminology that apply to poverty One of the major sociological theories that apply to poverty is the culture of poverty theory explained by Allan (2010), who describes that poverty is observed as a way of life passed on from one generation to another; the poor have similar spending patterns, identical value systems and time orientations. According to Allan (2010), the poor are heavy drinkers, they purchase as their needs arise and reside in crowded regions. According to the relative theory, poverty is a consequence of insufficient resources (p. 61). This means both low resources and an effect of having low resources (Lyman et al, 2004). A common sociological terminology associated with poverty is the absolute poverty. Allan (2010) defines absolute poverty as a condition in which an individual or group of individuals lacks the means to satisfy the very basic needs which often includes, water, food, basic education, medical care and shelter (p. 52). What is known or not known about poverty One of the well-known facts is that poverty has many faces and...

Words: 1154 - Pages: 5

Economic Globalization Reduces Poverty

... additional tariffs. It is simply unreasonable for these Far Periphery countries to purchase goods from industrial/manufacturing giants in Core countries such as the U.S at an increased cost when they already struggle to provide themselves with the basic necessities for life. If economic globalization took place within even the weakest economics, more nations will be able to trade globally and the general quality of life would increase. As a result of more goods being moved to and from countries, more jobs will be created in order to meet the demand of other nations. This in time will slowly diminish poverty since more people are working and spending their money, increasing the overall strength of their economies. Although it would take a significant amount of time, economic globalization has the ability to reduce poverty around the world....

Words: 392 - Pages: 2

Poverty

...Poverty Jonathan Rojas Professor Debra M. McCoy Sociology 100 January 23, 2014 Page 1 We are fortunate to live in a country where those who work hard are able to achieve financial freedom. Others are not as fortunate to be able to achieve that same freedom, as a nation I believe we are capable of achieving a goal of eliminating or reducing the poverty level in our country. A way to help decrease poverty would be to guarantee shelter, education, food, clean water and healthcare. By providing assistance to those in need we are giving those individuals an opportunity to succeed. There are those that are oppose helping others and believe that individuals are responsible for their own well being and should not depend on the help of others or a government entity. There are many reasons why we have poverty in this country and around the world. While many believe that each individual is responsible for their financial independence. Providing assistance may help those in need take the first step into a more secure financial lifestyle. There are many ways of reducing poverty, but the main goal is to provide assistance. “rich people have to be involved, to help donate money to provide people with shelter, water, and food. This is just one more solution to stop world poverty there are many more solutions to this issue, but without having the heart to help those in need we would never be able to end poverty.” While having rich...

Words: 1036 - Pages: 5

Poverty

...Poverty: How the Economy Plays a Major Role When you are driving around what do you notice? As you are driving to school or to the grocery store, do you notice the gentleman walking around with a container trying to collect some loose change? As your exiting the highway, do you notice the people on the side of the streets holding a piece of cardboard saying “Hungry. Needs money.” Of course we all notice that but do we do anything to help out? Most of us would immediately put our heads down and act like we don’t notice them or we continue driving like they don’t exist. Imagine if that were you on the side of the streets begging for at least some kind of loose change and no one would be of assistance. What would you do? Although I have not lived in poverty, I know several other people that do and I think that it is poignant that someone has to live a life like that. I am interested in writing about poverty because this situation has gone on for numerous years. There are countless people living in poverty today, affecting the young ones to live a good qualitylife and get a superior education. With the way how the economy is today, there are many citizens losing their homes, are unemployed and living on the streets or homeless shelter. They have no access to healthcare, food, clean water or even a shelter and I believe that it can all be solved in one way or another. Poverty is a worldwide crisis that has yet to be solved. There are many meanings to poverty. It is lacking the...

Words: 1261 - Pages: 6

Poverty

... and dignity. b. Volunteer your time and expertise as a board member for a not-forsedfc Support a community by donating goods and services. dcscicdescvfrk on a flexible basis. g. Go out of your way to help someone with information or about job opportunity. h. Creating new Economic Reforms/Policies in Government for uplifting poor i. Creating high incscorcsdc of world j. Charity-based Humanitarian assistance to poor & needy LIVING CONDITIONS OF PEOPLE WHO EXPERIENCE POVERTY 6. Poverty is living without the basic needs that many others in this world enjoy.  People who live in poverty worry about things like havinal best health because of a "toxic combination of bad policies, economics, and politics". Daily living conditions work together with these structural drivers to result in the social determinants of health.[1] Poverty and poor health are inseparably linked. Poverty has many dimensions – material deprivation (of food, shelter, sanitation, and sadefedwafvcealth afflictions of poverty most burden outlying groups such as women, children, ethnic minorities, and the disabled. Social determinants of health – like child development, education, living and working conditions, and healthcare are of special importance to the impoverished. According to Moss, socioeconomic factors that affect impoverished populations such as education, income inequality, and occupation, represent the strongest and most consistent predictors of health and mortality. The...

Words: 1107 - Pages: 5

Poverty

... stage will be restrained because it will either remain limited to a particular group of stakeholders or rise in the level of intensity and become universally supported by many stakeholders. at this stage the organisation can best influence or control an issue’s development. Emerging issues can be categorised into three types, societal issues such as employment or energy policies or inflation, operational issues which impact an organisation’s financial statements and lastly corporate issues which have an influence on management’s ability to run an organisation effectively, such as the CEO’s Responsibility and corporate disclosure (Dozier, Grunig & Grunig; 1995). Corporate issues may lead to increased media attention disrupting an organisation’s corporate culture due to stakeholders’ obstinately enticing media attention to raise awareness and seek for more support (Wilson & Ogden; 2008). However, media attention is infrequent in the emerging stage and it gradually grows as the intensity of an issue increases (Cornelissen; 2012). The third stage in the development of an issue is referred to as the current stage where the issue has substantially matured and its possible impact is exposed. The issue has crystallised and its nature and impact has been formulated by various media mediums’ coverage of the issue to create public attention (Boutilier; 2012). Questions are now being debated on by various influential governmental bodies, pressure group and by the general......

Words: 3466 - Pages: 14

Poverty

...Poverty is a global phenomenon affecting every country. According the United Nations, poverty is the inability to seek basic needs such as food, clothing and shelter based on the incapability of not having enough money. However, it is not all about the inability to seek basic needs but beyond that. “It is about the denial of opportunities and choices that are widely regarded as essential to lead a long, healthy, creative life and to enjoy a decent standard of living, freedom, dignity, self-esteem and the respect of others” (United Nations- Global Teaching and Learning Project, 2014, 1). Poverty makes other major problems worse including slave labour, human trafficking and the spread of diseases. However, the root cause of these global issues is the relationship between poverty and the lack of education. The big question is whether increased education will reduce poverty or, is a lack of education a result of poverty? Increased education can lead to the reduction of poverty by providing people with learning skills to get a job and provide a source of income. Education has the most crucial role in eliminating poverty as with education there are many more opportunities. For the eradication of poverty, primary education is essential because with the increase in education, people will not lack cognitive skills- being able to progress better. (United Nations Educational, Scientific and Cultural Organization, 2001; Brown, J., Pollitt, E. Malnutrition, 1996). A counter argument...

Words: 2826 - Pages: 12

Poverty

... POVERTY IN AMERICA Donice Wright Excelsior College Business Ethics for Managers 523 30033567 Dr. Sharlyn Moore 21 May 2015 Introduction and situational analysis Residents of Lakewood, Ohio have seen an upsurge in people living below the poverty line. “Between 1998-99 and 2009-10, the share of Lakewood high students receiving free and reduced price lunches increased dramatically, from 9-46%.” (Shaw, 2013, p. 13). As globalization increases more immigrants and refugees are moving to areas outside of the inner city. Tukwila, Washington has seen much of the same waves of immigration and refugee populations seeking work and affordable housing. Poverty in Tukwila went from 10 percent to over 24 percent during the period 2006-10. Job opportunities are rooted in service jobs such as retail, hotels, construction and other services. P. (38). The inner city used to be the location for jobs and opportunity however, the trend now includes urban job opportunities, affordable housing, and better schools. This migration from the inner city to the outlying areas is called, “the suburbanization of poverty.” P. (38) Understanding poverty calls for understanding the economy. According to Brooking Institute researchers Emily Monea and Isabel Sawhill, “even if the national unemployment rate fell to 5 percent within the next five years, by 2020 the nation’s poverty rate will likely remain above 14 percent. P. (39) Inter-generational poverty needs to be addressed. Inner cities have...

Words: 1496 - Pages: 6

Poverty

...Addressing Poverty in Schools Poverty is a social issue that has plagued many societies throughout the past decades with people trying to eradicate it. While there is no one fixed definition as to what is poetry, it can be defined as the inability to meet the basic needs for daily living. Poverty is a worldwide crisis; it does not simply affect one country, one race or one person, it affects all. Child poverty is persistent throughout the world; even in many wealthy countries (Huston). This brings us to poverty and the school. It is necessary for people of the society to take a hands on approach in addressing poverty especially in schools, as this is the initial step in shaping individuals for the real world. Each school faces its own difficulties, some more than others as we look at the issue of poverty. While there are some schools that may seem to be “better off” than others due to their elite status, they are still faced with the issues that poverty results even though it may not be as great in number as other schools. Because of their locations, recognition and familiarity, and their interaction and relationship with society, schools are a major platform for addressing poverty. Children who grow up in poverty are less likely to do well in school and this in turn puts them at a disadvantage for their future children. According to Capra 2009, the nation must address, and treat poverty, a condition that erodes the future and impedes any attempts at educational reform...

Words: 1274 - Pages: 6

Poverty

...POVERTY: ITS EFFECTS TO THE PHILIPPINE ECONOMY A Research Paper Submitted to Ms. Antonia D. Entino Instructor A Partial Fulfillment of the Requirements for the course Eng. R: Writing in the Discipline By: Charlene P. Trenchera Sheila Mae O. Calites April Faith S. Negros Joana F. Santizo Annaliza S. Lar Jonel V. Verzosa Khim Arjay S. Pica Group I BS-Economics IB March, 2016 ACKNOWLEDGEMENT The researchers would like to thank express their heartfelt gratitude to the individuals who helped in making this research a success. Especially to our Creator, who gave us strength and wisdom to finish this research paper. Special thanks to our parents who supported us financially, spiritually and emotionally which are a big help in the compilation of this study. Special thanks to our English Teacher, Ms. Antonia D. Entino for the patience and determination in teaching us all about research writing. Without her untiring effort this study will not be successful. To all the persons who helped us to finish this study. Thank you a lot. CHAPTER I INTRODUCTION Background of the Study Poverty is general scarcity, dearth, or the state of one who lacks a certain amount of material possessions or money.[1] It is a multifaceted concept, which includes social, economic, and political elements.[2] Poverty may be defined as either absolute or relative poverty or destitution refers to the lack of means...

Words: 755 - Pages: 4

Poverty

...PAD-201: Social Change 24 March 2015 Poverty Introduction In order to define and understand what poverty is, we can consider about conditions of having a little or no money, goods or means of support, state of being poor and lack of vital resources such as education, healthcare, food, clean water and safety. According to Feed America analysis, there were around 14.5% of population (43.5 million) who lived in poverty in 2013 whereas 15.1% lived in poverty in 2010. Thus we can see that poverty rate among United States slightly decreased due to powers applied by different sectors of country, such as government, business and society/non-profit organizations. United Nations organization states that about 21,000 people die every day of hunger or hunger-related causes, it means that there is one person die every four seconds. It is very sad because children die most often. Today, poverty is a huge issue which affects global economy and wealth of the whole population. Moreover, we see high level of inequality, there are people who earn couple dollars a day, whether they live in wealthiest nation in the world or poorest, the difference is real. Many people feel that high level of inequality will affect social cohesion and lead to problems such as increasing crime and violence. Moreover, the poorest part of people always has less access to health, education and other services provided by government and private businesses. Some of these people cannot even afford...

Words: 2913 - Pages: 12