The Term Top of the Pyramid Refers to the More

question 16

True/False

The term top of the pyramid refers to the more than 4 billion people who make up the lowest level of the world's economic "pyramid," as defined by per capita income.

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Definitions:

Minimum Wage

The lowest legal salary that employers can pay workers, set by government regulations to ensure a basic standard of living for employees.

Cost Of Living

The average cost necessary to sustain a certain level of lifestyle in a given place, including expenses like housing, food, taxes, and healthcare.

Low Income

Refers to earning levels that are considerably lower than the national average, often resulting in financial constraints and limited access to resources.

Canadians

Citizens or residents of Canada, a country located in the northern part of North America.