Why Has the Label "Global South" Gained Favour Over Other

question 6

Multiple Choice

Why has the label "Global South" gained favour over other, somewhat misleading, terms?

• A) It better incorporates historical and contemporary patters of wealth and power into a loosely geographically defined concept
• B) It departs from popular beliefs that poverty and social conditions are still identified with the Third World
• C) The label "south" is a better fit to the geographical conditions of poverty
• D) The geographical term "south" implies democracy
• E) The term "south" is meant as a pejorative

---

Definitions:

Price-Inelastic

Describes a situation where the demand for a good or service is relatively unresponsive to changes in its price.

Demand Curve

A graphical representation showing the relationship between the price of a good or service and the quantity demanded by consumers over a given period.

Price-Elasticity Coefficients

Numerical values that measure the responsiveness of quantity demanded or supplied to a change in price; they help in assessing how price changes impact demand or supply levels.

Demand Schedules

A table that shows the quantity of a good or service that consumers are willing and able to purchase at various prices during a specified period.