Tooltip Tags: poverty

underdevelopment

In economics, underdevelopment is when resources are not used to their full socio-economic potential, with the result that local or regional development is slower in

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unbanked

The word unbanked is an umbrella term used to describe diverse groups of individuals who do not use banks or credit unions for their financial

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third world

Collective name for most of the nations of Africa, Asia, Latin America, and the Middle East, many of which share a colonial past and are

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subsidy

Financial aid given by the government to individuals or groups. (source: http://www.investorwords.com/4807/subsidy.html#ixzz2cQwDx0tE)

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social exclusion

Social exclusion is the process of being shut out from the social, economic, political and cultural systems which contribute to the integration of a person

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social inclusion

A policy designed to ensure that all people are able to participate in society regardless of their background or specific characteristics, which may include: race,

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slum

A squalid section of a city, characterized by inferior living conditions and usually by overcrowding. (source: http://www.wordreference.com/definition/slum)

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relative poverty

People are relatively impoverished if the customary (average) standard of living in their society requires more spending than the income they have available. This standard

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