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Learning objective

Examine different strategies aimed at reducing poverty and redistributing wealth, including those that encourage economic growth, enhance education, provide better state benefits, implement progressive taxation, and establish a national minimum wage.

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Cambridge IGCSE EconomicsEconomic development

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Quick explanation

Examine different strategies aimed at reducing poverty and redistributing wealth, including those that encourage economic growth, enhance education, provide better state benefits, implement progressive taxation, and establish a national minimum wage

  • This point belongs to Poverty, especially Poverty outcomes.
  • You need to be able to examine different strategies aimed at reducing poverty and redistributing wealth, including those that encourage economic growth, enhance education, provide better state benefits, implement progressive taxation, and establish a national minimum wage.
  • The key ideas to know are Discuss and Analyse.
  • Use the linked flashcards and practice questions to check recall, then practise applying the idea in an exam-style answer.

Key concepts

DiscussAnalyse

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This objective helps connect Poverty outcomes to exam-style questions, flashcards, and revision notes for Poverty.

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Paper 2 structured question: Poverty

Paper 2Structured Questions4 marks

Description

National Minimum Wage

The national minimum wage is a legally mandated lowest amount that workers can be paid. Its implementation aims to ensure that all workers receive a fair wage for their labor.

  1. a

    Explain the potential effects of a national minimum wage on poverty levels.

    Aim for approximately 4 distinct marking points.

    [4]
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Cambridge IGCSEEconomics resources