Poverty Can Be Defined in Either Relative or Absolute Terms

question 27

Multiple Choice

Poverty can be defined in either relative or absolute terms. How is poverty defined according to relative deprivation?

• A) by comparing the standard of living among the poor to the basic necessities of life
• B) by comparing the poor with people with low socioeconomic status in other countries
• C) by determining if the poor have minimal food and shelter
• D) by comparing the poor with more affluent members of society

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Definitions:

New Drugs

Refers to medications or therapies that have recently been developed and introduced to the market, typically after undergoing rigorous testing and approval processes.

Manufacture

The process of making goods on a large scale using labor and machines, typically within a factory setting.

Industry

A group of companies that are related based on their primary business activities.

Variable Costs

Costs that change in proportion to the level of goods or services that a business produces.