The Term Microfinancing Refers to

question 85

Multiple Choice

The term microfinancing refers to

• A)lending small sums of money to the poor so that they can work their way out of poverty.
• B)welfare handouts for poor people in developing countries.
• C)welfare handouts for poor people in industrial countries.
• D)pyramid schemes.

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Definitions:

Introspection

Introspection involves examining one's own thoughts, feelings, and sensations to gain insight.

Aristotle

An ancient Greek philosopher and polymath whose extensive writings cover a wide range of subjects, including physics, metaphysics, logic, ethics, and politics, significantly influencing Western intellectual history.

Personality

The combination of characteristics or qualities that form an individual's distinctive character, influencing thoughts, motivations, and behaviors.

Scientific Attitude

A mindset characterized by curiosity, skepticism, and openness to empirical evidence and logical arguments when evaluating claims or hypotheses.