Year 11 Exam  >  Year 11 Notes  >  Economics for GCSE/IGCSE  >  Policies to Alleviate Poverty

Policies to Alleviate Poverty | Economics for GCSE/IGCSE - Year 11 PDF Download

Policies Aimed At Alleviating Poverty

  • The poverty cycle diagram, introduced earlier, elucidates the causes of poverty.
  • Any policy capable of disrupting the poverty cycle at any stage contributes to enhancing living standards within a country.
  • Policies aimed at alleviating poverty encompass fostering economic growth, enhancing education, offering more generous state benefits, implementing progressive taxation, and instituting or raising a national minimum wage.

Policies to Alleviate Poverty | Economics for GCSE/IGCSE - Year 11

How Different Policies Alleviate Poverty

Policies to Alleviate Poverty | Economics for GCSE/IGCSE - Year 11

The document Policies to Alleviate Poverty | Economics for GCSE/IGCSE - Year 11 is a part of the Year 11 Course Economics for GCSE/IGCSE.
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FAQs on Policies to Alleviate Poverty - Economics for GCSE/IGCSE - Year 11

1. What are some common policies used to alleviate poverty?
Ans. Some common policies used to alleviate poverty include social welfare programs, minimum wage laws, education and skills training programs, job creation initiatives, and progressive taxation systems.
2. How do social welfare programs help in alleviating poverty?
Ans. Social welfare programs provide financial assistance, healthcare, and other support services to low-income individuals and families, helping them meet their basic needs and improve their quality of life.
3. How can minimum wage laws contribute to reducing poverty levels?
Ans. Minimum wage laws set a baseline wage that employers must pay their workers, ensuring that even those in low-skilled jobs can earn a decent living and reduce their risk of falling into poverty.
4. What role do education and skills training programs play in poverty alleviation?
Ans. Education and skills training programs help individuals acquire the knowledge and skills needed to secure better-paying jobs, improve their earning potential, and break the cycle of poverty.
5. How does a progressive taxation system help in addressing income inequality and poverty?
Ans. A progressive taxation system taxes higher-income individuals at a higher rate, redistributing wealth to fund social welfare programs and services that benefit low-income individuals and families, ultimately reducing poverty levels.
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