The lack of sufficient income to satisfy one's basic needs is known as____.a.Deficiencyb.Absolute povertyc.Wealthd.Poverty
Question
The lack of sufficient income to satisfy one's basic needs is known as____.a.Deficiencyb.Absolute povertyc.Wealthd.Poverty
Solution
b. Absolute poverty
Explanation:
a. Deficiency - This term generally refers to a lack or shortage, but it is not specifically used to describe the lack of sufficient income to satisfy basic needs.
b. Absolute poverty - This term is used to describe a condition where a person does not have the minimum amount of income needed to meet the minimum requirements for one's basic living needs, such as food, clothing, and shelter.
c. Wealth - This term is used to describe an abundance of valuable possessions or money, which is the opposite of poverty.
d. Poverty - This is a general term that refers to the state of being extremely poor, but it does not specifically refer to the lack of sufficient income to satisfy basic needs. Absolute poverty is a more specific term for this condition.
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