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From 1950 to 2011 the number of people who lived on farms fell from 23 million to fewer than 3 million? Which of the following factors have contributed to this trend?
Financial Services
A broad range of services including banking, investment, insurance, and other fiscal transactions that are managed or offered by financial institutions.
Affordability Trap
A situation where individuals or families are unable to save for the future or improve their socio-economic status due to high living costs relative to their income.
Base-Of-The Pyramid Markets
Economically disadvantaged segments that represent a large, but often underserved, group of consumers at the bottom of the economic pyramid.
Reverse Innovation
The process of taking innovations developed in emerging markets and repackaging them for developed markets.
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