Poverty Increase
Definition
Poverty increase refers to a rise in the number of individuals or households that fall below the poverty line, meaning they lack sufficient resources to meet basic needs such as food, shelter, and clothing.
Analogy
Imagine you're trying to fill up a swimming pool but there's a hole at the bottom. No matter how much water you add (resources), it keeps draining out faster (increasing poverty).
Related terms
Income Inequality: The unequal distribution of household or individual income across various participants in an economy.
Unemployment Rate: The percentage of unemployed workers in the total labor force.
Economic Recession: A period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.
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