Wealth
having lots of money or valuable possessions.
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| Term | Definition |
|---|---|
Wealth | having lots of money or valuable possessions. |
Poverty | not having enough resources to meet basic needs. |
Absolute poverty | lacking essentials needed for survival like food |
Relative poverty | being poor compared to the average standard of living in society. |
Philanthropy | giving time or money to help others and improve society. |
Charity | an organisation that helps people in need. |
Long‑term aid | ongoing support that tackles the causes of poverty. |
Emergency relief | immediate help given after disasters to meet basic needs. |
Food banks | places that give free food to people who cannot afford it. |
Gambling | betting money on games of chance or uncertain events. |
National Lottery | the UK’s official lottery that raises money for public projects. |
Developing countries | nations with lower income |