Wealth and Poverty key words

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What are the two types of poverty?
Relative and Absolute
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What is relative poverty?
Having less than the people living around you have; having no money to spare for luxuries.
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What is absolute poverty?
Not having enough money to pay for the basic necessities of life (eg food, shelter, medicine)
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What is meant by 'famine'?
A nationwide shortage of food, resulting in a significant percentage of the population starving to death.
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What is meant by 'third world' or 'developing' countries?
The poorest group of countries; those that don't have widespread industrialisation, strong currency, stable government, etc.
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What is meant by 'first world' or 'developed' countries?
The richer countries; those that have widespread industrialisation, strong currency, stable government etc.
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What is the North-South divide?
The richer countries tend to be on the North of the equator, the poorer countries tend to be South of the equator.
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What is (a) charity?
A non-profit organisation; the provision of money/food/assistance to those in need.
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What does 'moral' mean?
The right thing to do
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What does 'immoral' mean?
The wrong thing to do
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What is FairTrade?
An organisation that promotes trading with poorer countries, at the same price/values that would be paid to richer ones.
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Other cards in this set

Card 2

Front

What is relative poverty?

Back

Having less than the people living around you have; having no money to spare for luxuries.

Card 3

Front

What is absolute poverty?

Back

Preview of the front of card 3

Card 4

Front

What is meant by 'famine'?

Back

Preview of the front of card 4

Card 5

Front

What is meant by 'third world' or 'developing' countries?

Back

Preview of the front of card 5
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