Key+Definitions+-+Group+10

=Key Definitions=

Poverty = //There is no single, universally accepted standard definition of poverty. Modern definitions of poverty have moved away from conceptions based on a lack of physical necessities towards a more social and relative understanding.// [|children in wales]

Absolute Poverty = //A measure of absolute poverty quantifies the number of people below a poverty threshold, and this poverty threshold is independent of time and place. For the measure to be absolute, the line must be the same in different countries, cultures, and technological levels. Such an absolute measure should look only at the individual's power to consume and it should be independent of any changes in income distribution.// [|wikipedia]

Relative Poverty = //A measure of relative poverty defines "poverty" as being below some relative poverty threshold. An example is when poverty is defined as households who earn less than 50% of the median income is a measure of relative poverty.// [|wikipedia]