The Idea That Economic Development Is a Basic Human Right

question 27

True/False

The idea that economic development is a basic human right is officially recognized in the 1966 International Covenant on Social and Humanitarian Rights, thus it carries the force of international law.

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Definitions:

Discretionary Income

The money that remains after paying for taxes and necessities.

Disposable Income

The money a consumer has left after paying taxes to use for necessities such as food, housing, clothing, and transportation.

Market Segmentation

The strategy of dividing a broad target market into subsets of consumers with common needs or characteristics, targeting each with a specific marketing mix.

Organizational Markets

Markets consisting of companies, governments, and institutions that purchase goods and services for operations, production, or resale purposes.