Poverty Can Be Defined in Either Relative or Absolute Terms

question 79

Multiple Choice

Poverty can be defined in either relative or absolute terms. How does relative deprivation measure poverty?

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

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Definitions:

Niche Marketing

A targeted marketing strategy focusing on a specific portion of the market with unique preferences or requirements.

Specialized Needs

Particular requirements or conditions necessary for specific populations, activities, or processes, usually requiring customized solutions.

Higher Prices

Charging more for goods or services than the average market rate, often associated with premium quality or brand reputation.

Global Segmentation

The process of dividing a global market into distinct subgroups of consumers with common preferences or needs.