In 2010, the World's Three Richest Individuals Each Had More

question 6

True/False

In 2010, the world's three richest individuals each had more wealth than the total economic output of the world's poorest 100 countries.

Analyze the effects of cultural phenomena such as the British Invasion on American society.

Comprehend the significance and impact of major social movements including feminism, African-American Civil Rights, and Native American activism.

Understand the expansion of rights for criminal defendants by the US Supreme Court in the 1960s.

Identify the factors that triggered the rise of the Sunbelt.

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Definitions:

Diffusion of Innovation

The process by which a new idea, product, or behavior spreads through a population or social system over time.

Product Line

A group of related products manufactured by a single company, often serving a particular customer segment or purpose.

Brand Extension

A strategy whereby a company uses an existing brand name to launch a product in a different category, leveraging the brand's established image and following.

Pure Competition

A market structure characterized by a large number of small firms, homogeneity of products, and easy entry and exit, leading to perfect competition.