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POVERTY - Coggle Diagram
POVERTY
Definition: Poverty is a state or condition in which one lacks the financial resources and essentials for a certain standard of living. Poverty can have diverse social, economic, and political causes and effects.
TYPES OF POVERTY
Absolute Poverty:: Absolute poverty can be defined as the state in which a subject lacks the means to meet his or her basic needs.
Relative Poverty: Relative poverty is the level of poverty that changes based on context it is relative to the economic climate.
Situational Poverty: is generally caused by a sudden crisis or loss and is often temporary. Causes can include environmental disasters, divorce, or severe health problems. Generational poverty occurs in families where at least two generations have been born into poverty.
Generational Poverty: is a term applied to families who have experienced poverty for at least two generations. It can affect every aspect of a person's life: physical, social, emotional and mental. Here's what we know about children born into poverty: They think it's their fault: They feel great shame.
Urban Poverty: is the situation where people who live below a certain amount of income in the city and who have limited access to some social means.
Rural Poverty: refers to situations where people living in non-urban regions are in a state or condition of lacking the financial resources and essentials for living.
Effects: The effects of poverty can follow a child into adulthood, leading to chronic illness and lack of education or ability to work. The effects of poverty are more than just missing a meal. Families struggle with chronic food insecurity, hunger, and malnutrition.
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Solutions: Natural resources are better managed. Nutrition is improved. And livelihoods are more secured. Ensuring that all marginalised communities have a seat at the table and are given the tools they need to succeed is key to all other solutions to poverty.
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Causes: Poverty rarely has a single cause. A range of factors including rising living costs, low pay, lack of work, and inadequate social security benefits together mean some people do not have enough resources.