Consumers Who Comprise the Bottom of the Pyramid Number

question 83

Multiple Choice

Consumers who comprise the bottom of the pyramid number

• A)4-6 billion
• B)400 million to 4 billion
• C)1 billion
• D)500 million

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Definitions:

Production Possibilities Frontier

A curve depicting all maximum output possibilities for two or more goods given a set of inputs.

Outward Shift

A movement of the supply or demand curve in an economic diagram indicating an increase in supply or demand, leading to changes in price and quantity.

Consumption Level

The total amount of goods and services that an individual or group consumes over a specific period.

Technological Improvement

Innovations and advancements in technology that enhance productivity, efficiency, and quality of goods and services.