Poverty

Question 1

real tragedy of the poor is the poverty of their aspirations

Answer 1

Adam Smith

Question 2

The lack of basic necessities that is life-threatening or does not uphold the well-being of individuals.

Answer 2

Poverty

Question 3

Condition where household
income is insufficient to afford basic necessities of life. (food, shelter, clothing); Criteria not changed by
economic growth

Answer 3

Absolute poverty

Question 4

When households receive
50% less income than
average median incomes.
Criteria will change with economic growth

Answer 4

Relative povety

Question 5

among the population is defined as the proportion of families or individuals whose per capita income cannot sufficiently meet the individual basic food and non-food needs

Answer 5

Poverty incidence

Question 6

also known as the poverty line is the minimum income required for a family or individual to meet the basic food and non-foods.

Answer 6

Poverty threshold

Question 7

is the minimum income required for a family or individual to meet the basic food needs which satisfy the nutritional requirements for economically necessary and socially desirable physical activities.

Answer 7

Food threshold

Question 8

is the proportion of families or individuals with per capita income that is less than the per capita food threshold to the total number of families or individuals.

Answer 8

Subsistence incidence