Inequality and Poverty

What do you understand by socio-economic imbalance?

List 5 causes of socio-economic imbalances.

What is a poverty line?

• Lack of education

• Circle of events that keep people poor.

• The minimum income needed to meet a person's basic needs.

• Poor healthcare systems

What is economic inequality?

How many kinds of economic inequalities are there?

• 3

• 5

• 1

• 2

Name the types of economic inequalities.

What is the main reason for economic inequality?

• Salaries that people earn

• Salaries and wages that people earn

• Wages that people earn

• Money that people save.

List 5 reasons for the differences of income.