Key words

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  • Created by: Aimee
  • Created on: 21-03-14 20:39
The ownership of property, savings, shares and other assets.
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Global Economy
The way in which investment and trading now span the entire world. This hinders individual government's control of the economy because companies can simply move country.
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Inheritance Tax
Tax on wealth when a person dies.
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Life Cycle
Refers to the changes in a person's economic and social situation over their lifetime.
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Marketable Wealth
All a person possesses (not including their house or pension).
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The tax charged on most goods and services. It is an indirect tax as it doesn't come directly from a person's income.
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The transfer of wealth from the rich to the poor, in theory the taxes the rich pay should fund the services for the poor.
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Absolute Poverty
When people are unable to afford the most basic necessities of life.
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Consensual Measure of Poverty
A form of relative poverty, based on the lack of goods and services deemed necessary by most people in society.
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Failure to obtain the absolute necessities to keep life going.
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Households Below Average Income
The measure used by the British government which puts the poverty line at 60% of the median income.
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Median Income
The middle band of income.
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How sociologists go about finding a way to measure a concept.
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Relative Poverty
A person who is unable to afford the standard of living considered acceptable by the majority of people in a society.
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Relative Income Measure
A form of the relative definition of poverty based on having only a certain proportion of the average income in a society.
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Social Exclusion
When people suffer a series of linked problems, like unemployment, poor skills, low incomes and high crime which prevents them from enjoying full membership of society.
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Composition of the Poor
Refers to a way of analysing poverty figures by illustrating which groups make up the largest proportions of people living in poverty.
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Disposable Income
How much people actually have left to spend after paying fixed bills like council tax or housing costs.
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Economic Status
Refers to a way of classifying poor people by how they obtain their income.
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Family Status/Household Income
Refers to the way of classifying poor people by the sorts of family types they belong to.
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Low Pay
Defined as earning less than half the average male's wage.
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Older Groups
Refers to people of pensionable age currently over 60 for women and over 65 for men.
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Risk Groups
Refers to a way of analysing poverty figures by classifying groups by their chances of being in poverty.
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Sick and Disabled People
"Sick" refers to chronic illness where people are unwell on a long term basis. "Disabled" refers to people officially classified by the government as suffering from some sort of disability.
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The belief that people living in British society have certain rights including the right to have a decent standard of living.
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Culture of Poverty
A set of values that some poorer people in society share, which they pass on to their children. The result is that they get trapped in poverty.
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The state of being dependent. It is used to refer to the idea that some people live off the hard work of others.
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The idea that some people are prevented from being able to get on in life and enjoy the benefits of an affluent society.
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Acceptance of what happens as something that cannot be helped.
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Hidden Economy
All the "cash in hand" and casual work that is never reported to the authorities, like the inland revenue.
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The belief that individuals are far more important than social groups.
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Labour Market
Refers to the sorts of jobs and employment conditions people have.
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Someone who claims welfare benefits they are not entitles to and manipulates the benefits system to their own advantage.
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To mark something out as bad.
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A term first used by Murray to describe the people who he claims have developed a lifestyle which depends upon state support and who have no desire to find employment.
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Child Tax Credit
Give wage earners additional payments for each child they have.
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Disciplinary Tendency
Where people are forced into certain patterns of behaviour eg. the unemployed are forced into undertaking skills training or they lose their rights to state benefits.
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Person who takes risks in order to make a profit.
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Minimum Wage
The lowest wage an employer can pay.
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Poverty Trap
Where a person who gets a job experiences a drop in income because their wages are lower than the welfare benefits they were receiving when they were unemployed.
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Tax Credits
A way of helping people in low wage jobs or part time employment. People who work have their tax adjusted so that the government will add benefits.
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Tax Incentives
Encouraging a particular course of action by rewarding people with a tax relief or extra tax benefits.
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Welfare Benefits
The financial support that the government gives people as part of the welfare state eg. disability benefits and pensions
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Welfare State
A system of welfare benefits and services provided by central or local government.
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Beveridge Report
Introduced the welfare state to the UK
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For-Profit/Private Organisation
Organisations that provide services in order to make a profit.
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Informal Care
Care provided by friends or family.
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Mixed Economy of Welfare
Refers to the fact that welfare is provided not just by the state, but by private and voluntary organisations.
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A situation where there is one provider of goods or services, there is no competition.
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Another term used for charity- usually used when rich people give large amounts of money to charity.
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A theoretical position in sociology which sees society consisting of competing groups seeking to get the best for themselves. Society is the result of this managed competition.
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The belief that only those with limited financial resources should receive welfare benefits.
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Voluntary Organisation
An independent organisation that provides health or welfare services and benefits.
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The belief that everyone should be entitled to free welfare services and benefits
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Welfare Regime
"Ideal type" term used to categorise similar sorts of welfare provision in different countries
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Other cards in this set

Card 2


The way in which investment and trading now span the entire world. This hinders individual government's control of the economy because companies can simply move country.


Global Economy

Card 3


Tax on wealth when a person dies.


Preview of the back of card 3

Card 4


Refers to the changes in a person's economic and social situation over their lifetime.


Preview of the back of card 4

Card 5


All a person possesses (not including their house or pension).


Preview of the back of card 5
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