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5.2 Poverty

Topic 5.2 - Poverty

"No society can surely be flourishing and happy, of which the far greater part of the members are poor and miserable."
- Adam Smith, An Inquiry into the Nature and Causes of the Wealth of Nations (1776)

This section of the Cambridge IGCSE Economics (0455) syllabus covers the following topics. Click on the relevant hyperlink to access the resources for this part of the syllabus.

SectionTopicGuidance
5.2.1Definition of absolute and relative povertyThe difference between absolute poverty and relative poverty
5.2.2Causes of poverty
  • unemployment
  • low wages
  • illness
  • age
  • environmental factors
5.2.3Policies to alleviate poverty and redistribute income

Policies including

  • promoting economic growth
  • improved education
  • improved healthcare provision
  • more generous state benefit
  • progressive taxation
  • national minimum wage (NMW)

Click on the relevant hyperlink below to access other InThinking resources for this section of the syllabus.

Return to the Topic 5 - Economic development homepage

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