Wealth, poverty and welfare key words pt 1

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  • Created by: Frankie
  • Created on: 26-04-15 21:05
Lacking the minimum requirements necessary to subsist (food, water, shelter)
absolute poverty
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In Marxism, the class of owners of the means of production
bourgeoisie
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An economic system where employers buy workers labour in return for wages, and sell the worker's product for profit
capitalism
3 of 16
an equal society without social class or conflict, where private ownership is abolished and the means of production are common property
communism
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a shared agreement
consensus
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property for use by the owner which doesn't produce income
consumption property
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How one aspect of poverty can lead to further poverty building up into a cycle which is hard to escape from
cycle of deprivation
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Who suggested the idea of the 'cycle of deprivation'?
Coates and Silburn
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Working and waiting a while before getting the reward
deferred gratification
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A way of life centred around dependence on others.
dependency culture
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Total income, minus taxes
disposable income
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Living in an area of deprivation in terms of bad housing etc
environmental poverty
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a failure of a social class to recognise their real interests i.e. workers not realising how unfairly they're treated
false class consciousness
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acceptance of the belief that all events are predetermined and inevitable
fatalistic
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total income minus taxes, plus the value of state benefits
final income
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no economic intervention or regulation by the state, except to enforce private contracts and the ownership of property
free market
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Other cards in this set

Card 2

Front

In Marxism, the class of owners of the means of production

Back

bourgeoisie

Card 3

Front

An economic system where employers buy workers labour in return for wages, and sell the worker's product for profit

Back

Preview of the front of card 3

Card 4

Front

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

Back

Preview of the front of card 4

Card 5

Front

a shared agreement

Back

Preview of the front of card 5
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