QUIZ 1 - POVERTY

This is a state of one who lacks a usual or socially acceptable amount of money or material possessions.

• Unemployment

• Poverty

• Employment

• Economics

It is defined as the total lack of resources and means required to meet the most basic standards of living.

• Absolute Poverty

• Relative Poverty

• Collective Poverty

• Cyclical poverty

It exists when one lacks the means and resources required to meet a minimum level of living standards that are considered normal in the society or community where one lives.

• Cyclical Poverty

• Case Poverty

• Asset Poverty

• Relative Poverty

It is type of poverty that involves a relatively permanent insufficiency of means to secure basic needs.

• Asset Poverty

• Collective poverty

• Case Poverty

• Relative Poverty

It refers to poverty that may be widespread throughout a population, but the occurrence itself is of limited duration.

• Cyclical Poverty

• Relative Poverty

• Asset Poverty

• Case poverty

It is type of poverty wherein nonindustrial societies (present and past), this sort of inability to provide for one’s basic needs rests mainly upon temporary food shortages caused by natural phenomena or poor agricultural planning.

• Asset Poverty

• Cyclical Poverty

• Relative Poverty

• Collective Poverty

It refers to the inability of an individual or family to secure basic needs even in social surroundings of general prosperity.

• Cyclical Poverty

• Collective Poverty

• Case Poverty

• Asset poverty

This type of poverty is inability is generally related to the lack of some basic attribute that would permit the individual to maintain himself or herself.

• Case Poverty

• Relative Poverty

• Absolute Poverty

• Collective Poverty

It exists when a person or household does not have enough wealth assets (in the form of property, investments, or money saved) to survive for three months if necessary.

• Asset Poverty

• Case Poverty

• Cyclical Poverty

• Absolute Poverty

It is characterized by a lack of access to food, clothing, and shelter. The characteristics of this type of poverty are the same from place to place.

• Absolute Poverty

• Asset Poverty

• Relative Poverty

• Cyclical Poverty