Wealth, poverty and welfare key words pt 1

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  • Created by: Frankie
  • Created on: 26-04-15 21:05

1. How one aspect of poverty can lead to further poverty building up into a cycle which is hard to escape from

  • deprivation cycle
  • cycle of poverty
  • cycle of deprivation
  • cycle of dependency
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2. no economic intervention or regulation by the state, except to enforce private contracts and the ownership of property

  • free country
  • free market
  • free economy
  • free chicken

3. an equal society without social class or conflict, where private ownership is abolished and the means of production are common property

  • weberianism
  • capitalism
  • communism
  • marxism

4. total income minus taxes, plus the value of state benefits

  • final income
  • total income
  • gross income
  • disposable income

5. a shared agreement

  • democracy
  • consensus
  • playing nice
  • politics

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