In the Consumption Process, People Around the World with Per

question 74

Multiple Choice

In the consumption process, people around the world with per capita income of $20,000 and above have a pretty good _________________.

• A)physical power
• B)political power
• C)purchasing power
• D)consumption power
• E)psychological power

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Definitions:

Cultural Relativism

The principle that an individual human's beliefs and activities should be understood by others in terms of that individual's own culture.

Premature Judgments

Opinions or conclusions formed before having the necessary knowledge or evidence, often leading to bias or misunderstanding.

Adaptation

The process by which a species becomes fitted to its environment; it is the result of natural selection acting upon heritable variation.

Surplus Wealth

Refers to the amount of wealth or resources that exceed the basic needs of an individual or society, allowing for savings, investment, or luxury.