5 Development and Disparities in Development terms
absolute poverty
noun
Absolute poverty was defined as: a condition characterised by severe deprivation of basic human needs, including food, safe drinking water, sanitation facilities, health, shelter, education and information. It depends not only on income but also on access to services.
development
noun
In the economic study of the public sector, economic and social development is the process by which the economic well-being and quality of life of a nation, region, local community, or an individual are improved according to targeted goals and objectives
poverty
noun
Poverty is the state of not having enough material possessions or income for a person's basic needs. Poverty can have diverse social, economic, and political causes and effects.
relative poverty
noun
Relative poverty describes circumstances in which people cannot afford actively to participate in society and benefit from the activities and experiences that most people take for granted. It is conventionally defined as 40, 50 or 60 percent of national median disposable income.
sustainable development
noun
Sustainable development is an organizing principle for meeting human development goals while simultaneously sustaining the ability of natural systems to provide the natural resources and ecosystem services on which the economy and society depend on.
