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Some Nations Have Traditionally Been in Poverty from One Generation

question 63

Multiple Choice

Some nations have traditionally been in poverty from one generation to the next, relying on tradition rather than experimenting with new technology that might improve their standard of living. This explanation for global stratification is called ________.


Definitions:

VISA Card

A branded payment card that uses the VISA network for electronic funds transfers, widely accepted worldwide.

Marketing Textbook

An academic publication that covers various aspects of marketing principles, strategies, and practices, serving as a guide for students and professionals.

Utility

The total satisfaction or benefit that a person gains from consuming a good or service.

Needs and Wants

Basic necessities that are essential for survival and desires that can enhance quality of life but are not essential for survival.

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