ECONOMICS
ECONOMIC GROWTH
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The movement of individuals or groups from one position in a society’s stratification system to another.
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The movement of a person from one social position to another of a different rank.
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A floating standard of deprivation by which people at the bottom of a society, whatever their lifestyles, are judged to be disadvantaged in comparison with the nation as a whole.
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The movement of an individual from one social position to another of the same rank.
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Detailed explanation-1: -Common measure for absolute poverty is the government’s poverty line. a floating standard of deprivation by which people at the bottom of a society, whatever their lifestyles, are judged to be disadvantaged in comparison with the nation as whole.
Detailed explanation-2: -Relative poverty describes circumstances in which people cannot afford actively to participate in society and benefit from the activities and experiences that most people take for granted. It is conventionally defined as 40, 50 or 60 percent of national median disposable income.
Detailed explanation-3: -Meanwhile, relative deprivation describes a level of poverty at which household income drops to a certain percentage below the country’s median income. For example, a country’s level of relative poverty could be set at 50 percent of its median income.
Detailed explanation-4: -The relative income poverty line as used by the OECD and the European Union refers to income levels below 50% (OECD) or below 60% (EU) of median incomes of the population.
Detailed explanation-5: -Relative Poverty refers to the standard of living compared to economic standards of living within the same surroundings.