What is the official definition of the poverty line? What are some causes of poverty?
The official definition of the poverty line is three times an economy food budget. One of the major causes of poverty includes a lack of education or skills necessary to be productive and in demand. Other factors include discrimination and bad luck.
Economics
You might also like to view...
If the four-firm concentration ratio for the market for pizza is 28 percent, then this industry is best characterized as
A) a monopoly. B) monopolistic competition. C) an oligopoly. D) perfect competition. E) oligopolistic competition.
Economics
What role might discrimination play in accounting for income inequality?
What will be an ideal response?
Economics