Podcast
Questions and Answers
Which method is used in Canada to define income thresholds related to well-being?
Which method is used in Canada to define income thresholds related to well-being?
- Absolute Poverty Line
- Relative Standard of Living Measure
- Gini Index
- Low Income Cut-Off (LICO) (correct)
What is the primary focus of traditional definitions of poverty?
What is the primary focus of traditional definitions of poverty?
- Sufficient resources or abilities to meet current needs (correct)
- Psychological aspects of well-being
- Access to social services
- Distribution of wealth in society
What does the Gini coefficient measure?
What does the Gini coefficient measure?
- Individual poverty levels
- Overall level of inequality (correct)
- Population happiness
- Access to education
Which aspect is considered important to individual welfare according to the research paper?
Which aspect is considered important to individual welfare according to the research paper?
What characterizes the concept of well-being according to the paper?
What characterizes the concept of well-being according to the paper?
What does the research paper suggest about measuring well-being?
What does the research paper suggest about measuring well-being?
Which of the following best summarizes the primary themes of the paper?
Which of the following best summarizes the primary themes of the paper?
Which of these attributes is NOT typically used to define traditional poverty?
Which of these attributes is NOT typically used to define traditional poverty?
Which method does NOT fall under alternative approaches to defining well-being?
Which method does NOT fall under alternative approaches to defining well-being?
What type of thresholds are often used to measure well-being?
What type of thresholds are often used to measure well-being?
Which of the following dimensions is NOT included in the definition of human well-being?
Which of the following dimensions is NOT included in the definition of human well-being?
Which measure describes the length of time a household remains in poverty?
Which measure describes the length of time a household remains in poverty?
What is the purpose of Low Income Cut-Offs (LICO)?
What is the purpose of Low Income Cut-Offs (LICO)?
Which of the following describes the likelihood of a household falling into poverty?
Which of the following describes the likelihood of a household falling into poverty?
Which measure is primarily used for international comparisons of poverty?
Which measure is primarily used for international comparisons of poverty?
The poverty severity measure takes into account which of the following?
The poverty severity measure takes into account which of the following?
Which statement accurately describes the Market Basket Measure (MBM)?
Which statement accurately describes the Market Basket Measure (MBM)?
Which of the following best defines poverty as a concept?
Which of the following best defines poverty as a concept?
Which dimension is NOT typically a focus of poverty measures?
Which dimension is NOT typically a focus of poverty measures?
The concept of inequality can be best described as:
The concept of inequality can be best described as:
What does the Gini coefficient indicate?
What does the Gini coefficient indicate?
Which value of the Gini coefficient represents perfect equality?
Which value of the Gini coefficient represents perfect equality?
Which of the following organizations is NOT a main player of globalization?
Which of the following organizations is NOT a main player of globalization?
What is a potential consequence of globalization?
What is a potential consequence of globalization?
Which ideology emphasizes individual freedom and social welfare?
Which ideology emphasizes individual freedom and social welfare?
In the perceived ideal distribution of wealth among 100 Canadians, what percentage of wealth should the middle 60% own?
In the perceived ideal distribution of wealth among 100 Canadians, what percentage of wealth should the middle 60% own?
How does conservatism view government intervention?
How does conservatism view government intervention?
Which of the following statements best captures the essence of Marxism?
Which of the following statements best captures the essence of Marxism?
What impact does globalization have on job stability according to its consequences?
What impact does globalization have on job stability according to its consequences?
What does inequality focus on in contrast to poverty?
What does inequality focus on in contrast to poverty?
Flashcards are hidden until you start studying
Study Notes
Human Well-being
- Encompasses various aspects including poverty, inequality, health status, education status, access to vital services, disability status, social capital, life satisfaction and happiness.
Well-being, Poverty, and Inequality
- Refers to the state of being comfortable, healthy, or happy.
Poverty Measures
- Poverty Rate - The portion of the population whose income or consumption falls below the poverty line.
- Poverty Gap - The difference between the poverty line and the actual income of households.
- Poverty Severity - Considers both the gap between the poverty line and actual income/consumption, and inequality among the poor.
- Poverty Duration - The length of time a household remains in poverty.
- Vulnerability to Poverty - The likelihood of a household falling into poverty.
Low Income Cut-Offs (LICO)
- An income threshold below which a family is likely to spend a larger percentage of their income on necessities (food, shelter, clothing).
- First published in 1967 and a widely recognized measure of low income.
- Based on the estimated income threshold where families spend 20% more on necessities compared to the average family.
Other Measures
- Low Income Measure (LIM) - Used for international poverty comparisons.
- Market Basket Measure (MBM) - An absolute measure based on the cost of purchasing a set basket of goods.
- Basic Needs Lines (BNL) - Relative vs. absolute lines.
Income Distribution and Inequality
- Poverty vs. Inequality: Poverty focuses on the number of people below a poverty line, while inequality examines the differences in income distribution among individuals, families, and groups.
The Gini Coefficient
- Measures the level of inequality in income or wealth distribution.
- Ranges from 0 to 1:
- 0 signifies perfect equality (everyone has the same income).
- 1 indicates perfect inequality (one person has all the income).
Globalization
- The increasing integration of international markets for goods, services, and finance.
Main Players of Globalization
- International Monetary Fund (IMF)
- World Bank
- World Trade Organization (WTO)
- Transnational corporations (TNCs or MNCs)
- United Nations (UN) agencies
- Non-government organizations (NGOs)
Consequences of Globalization
- Diminished role of the state.
- Prioritization of deficit reduction and tax cuts over social welfare.
- Weakening of civil society.
- Loss of stable, well-paying jobs and emergence of part-time jobs.
Ideology and Welfare States
- Conservatism: Emphasizes individual responsibility and limited government intervention.
- Liberalism: Emphasizes individual freedom and social welfare.
- Social Democracy: Emphasizes social welfare and government intervention.
- Marxism: Emphasizes class struggle and the abolition of private property.
Wealth Inequality in Canada
- A recent study explored Canadians' ideal distribution of wealth, compared to their perception of the actual distribution.
Ideal Distribution of Wealth
- If the Canadian population were represented by 100 people:
- The middle 60% would own 60% of the wealth.
- The richest would be three times richer than the poorest, who would still own a significant share of the wealth.
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
