12th Class Economics Poverty Question Bank MCQs - Poverty

  • question_answer
    Which of the given statement correctly explains the concept of poverty?

    A) Unable to meet the consumption of luxurious goods

    B) Unable to meet the minimum consumption of basic goods such as food, clothing etc

    C) Unable to have meet conspicuous consumption

    D) All of the above

    Correct Answer: B

    Solution :

    Unable to meet the minimum consumption of basic goods such as food, clothing etc


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