Wealth: economic concept that describes the total extent of possessions owned by individuals and societies. While income is one aspect of wealth, the concept also includes those things, from ownership of factories through stocks and shares to fine art, that can produce an income for their owner.
Migration: relatively large-scale movement of people from one place to another. This usually occurs across societies, but may also occur within societies, usually on a temporary basis.
Poverty: state of being poor, s measured in absolute or relative terms.
Absolute poverty: a measure based on the idea of the minimum necessities needed to sustain life, such as food.
Welfare Dependancy: new right theory that argues that generous welfare payments create disincentive among those who recieve them to find work or live their lives independently of government support.
Culture of Poverty: situation that explains poverty in terms of the idea that the poor adapt to their poverty and teach the skills required to survive to succeeding generations.
Poverty Trap: situation in which the costs of working outweigh any economic benefits to the individual. If someones's income rises as they find work and their welfare benefits are consequently reduced, this can result in the individual having lower overall income.
Social deprivation: situation in which some members of a society are prevented, through things such as poverty, illness or disability, from full participation in the society in which they live.
Relative poverty: measure of poverty that argues that poverty has to be defined and measured relative to the accepted living standards of particular societies. It includes the idea that someone should be considered poor if they lack the resources to participate fully in the social and cultural life of their society