The statement "It was shown that people in colder areas, by far, are poorer economically than those in hotter areas." is a False Statement
This is further explained below.
<h3>What is economics?</h3>
Generally, The study of the development, allocation, and consumption of different products and services is the focus of the social science known as economics.
The field of economics concentrates on the activities and relationships of economic actors, as well as the operation of economies.
The status of having few material goods or having a low income is referred to as poverty.
Not having enough money to maintain a quality of living that is considered comfortable or acceptable in a community is one definition of poverty.
Poverty may also have a variety of social, economic, and political causes and repercussions.
When an individual or group does not have access to the financial resources and basic necessities necessary to maintain a minimal level of life, they are said to be impoverished.
In conclusion, False statement: "It was found that those who live in colder places are much weaker economically than those who live in hotter ones."
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