Shiva Argues That Subsistence Economies That Satisfy Basic Needs Through

question 57

Multiple Choice

Shiva argues that subsistence economies that satisfy basic needs through self-provisions are not genuinely poor. What examples does she give of this "culturally perceived" false poverty?

• A) People are perceived as poor if they eat home-grown millet rather than commercially produced and distributed processed foods
• B) People are seen as poor if they live in houses which they built themselves our of local products such as bamboo rather than imported products such as concrete
• C) People are seen as poor if they were home-made garments of natural fiber rather than synthetic fibers
• D) All of the above

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Definitions:

Industry Exit

The process by which businesses leave a particular market or cease operations, often due to unprofitability or strategic realignment.

Herfindahl Index

A measure of market concentration and competition among firms within an industry, calculated by summing the squares of individual firms' market shares.

Four-Firm Concentration Ratio

A measure of market structure that indicates the combined market share of the four largest firms in an industry, used to assess the level of competition.

Market Power

The ability of a firm or group of firms to manipulate prices or output in a market.