PovertyOne of the issues that we have come across during our study of promoting equity as a macroeconomic goal is that of poverty.  This is something that we will be looking at in more detail during the development economics section of the course in Year 13.  At this point it is important to be able to distinguish between the concepts of absolute poverty and relative poverty.  We also need to think about the general causes and consequences of poverty, especially with respect to the impact upon equity.



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