Wealth and Poverty

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  • Created by: Nimsky
  • Created on: 01-01-16 18:44
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  • Wealth & Povery
    • Muslim Attitudes/ beliefs
      • Teachings
        • Zakat- Muslims must give 2.5% of their earnings to charity each year.
        • Ramadan- Muslims fast in the month of Ramadan, to experience poverty and how life is with no food.
        • Muslims are not allowed to charge interest on their money
          • "And do not eat up your property among yourselves for vanities, nor use it as bait for the judges, with intent that ye may eat up wrongfully and knowingly a little of (other) peoples’ property. "
            • Surah 2:188
      • Sources
        • "There is a man who gives charity and he conceals it so much that his left hand does not know what his right hand spends."
          • Hadith
          • Donate privately as often as possible: do not boast of your donations
        • "And do not eat up your property among yourselves for vanities, nor use it as bait for the judges, with intent that ye may eat up wrongfully and knowingly a little of (other) peoples’ property. "
          • Surah 2:188
    • Key words
      • Inheritance- When a friend or family member leaves you money or property in their will when they die.
      • Poverty trap- When you cannot get out of poverty
      • Poverty
        • Absolute Poverty- When someone cannot afford the minimal level of food, clothing, health care or shelter.
        • Relative Poverty- When someone has less wealth than the average member of their community
      • Minimum wage- The legal minimum wage that must be paid to an employee in the U.K
      • Excessive Salaries- Salaries which have large amounts of money, and can also have bonuses and share options
      • Government(State) benefits- Money given by the government to help individuals and families.
      • Exploited- To be taken advantage of.
      • Fair pay- Ensuring your employee has what s/he needs to sustain his/herself and their family
      • Human trafficking- Modern day form of slavery
    • Causes and Sources
      • Sources of wealth
        • Inheritance
        • Born into a rich family
        • Investments
        • Talent
        • Mafia
        • Lottery (Luck)
        • Jobs
      • Causes of poverty
        • Lack of government support
        • Debt
        • Unemployment
        • Low wages / trafficking
        • Wasting money
        • Born into a poor family

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Nimsky

Year 9 GCSE Mindmap

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