Examlex
A study about consumption and decision-making divided participants into two groups. One group was asked to purchase jam while selecting from 6 flavors. The other group in the study was asked to purchase jam while selecting from 24 flavors. The group that only had 6 flavors to choose from was significantly more likely to purchase jam. This is an example of how too many choices can hinder decision-making.
Working Poor
Individuals or families who are employed but whose earnings are not sufficient to meet a standard of living that is considered acceptable or comfortable.
Poverty
A condition where individuals or communities lack the financial resources and essentials for a minimum standard of living.
Industrialized Nations
Countries that have undergone significant industrial development, characterized by advanced technological infrastructure and a high standard of living.
American Indian
A term historically used to refer to the indigenous peoples of the Americas, although many prefer other terms such as Native American, Indigenous American, or by their specific tribal affiliation.
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