The Territorial and Residential Clustering of Specific Groups of People

question 20

Multiple Choice

The territorial and residential clustering of specific groups of people is known as

• A) concentration.
• B) segregation.
• C) congregation.
• D) community.
• E) neighbourhood.

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Definitions:

Welfare Economics

The branch of economics that focuses on the optimal allocation of resources and goods and how the allocation affects social welfare.

Equitable Outcome

An equitable outcome is a situation or result in economic transactions or distributions that is considered fair or just among all parties involved.

Contract Curve

In economics, a line on an Edgeworth box diagram representing the set of optimal allocations between two parties.

Egalitarian View

A perspective advocating for equal rights, benefits, and opportunities for all members of society.