It made people more powerful in wealth
Answer:
utility
Explanation:
Utility
is the satisfaction derived in the consumption of a particular commodity. For example, if you are coming from school so tired and thirsty, you decided to visit a friend on your way home. he offered you a very cold soft drink, you drank the drink immediately, you will feel so refreshed and satisfied that is utility. unlike if your friend just offered you a warm drink , you might take it but you will not derive a satisfying experience unlike the cold drink. so utility describes as the satisfying power of a commodity.
The <u>Multidimensional Poverty Index</u> was introduced by the United Nations to help identify overlapping deprivations that are suffered by households in health, education, and living standards. These three dimensions are subdivided into ten indicators.
<u>Explanation:</u>
The Indices which will be using a variety of metrics to measure a summarized deprivation statistic for a population group, which suggests a greater level of deprivation by a greater amount, thus understood as multidimensional poverty indices.
This statistic takes into account both the percentage of the population considered poor and the scope of deprivation faced by these poor families, adopting the counting system of Alkire & Foster. Established in 2010 through the support of Oxford Poverty & Human Development Initiative and the United Nations Development Programme, and used health, educational and living standards metrics to assess the poverty levels faced by the population.
Sociology and psychology are the two different branches related with the study of science that deal with different aspects like human behavior and human interventions.
Both the concepts of sociology and psychology are inter-related, and the outputs of each of the studies can be applied to the other fields to bring variety to the study of both the fields.
<h3>Sociology and Psychology</h3>
- Sociology is more concerned with the study of science relating to the social phenomenon like social human interaction, societal organization, societal culture, etc.
- The study of science in the field of sociology is mostly related by taking the whole society as the subject of study and analyzing the results obtained thereof.
- Psychology, on the other hand, is related to study of science in the field of a human behavior and changes in the reactions of a person with respect to changing situations and analyzing the results thereof.
- Psychological science is concerned mainly with the study of individuals and is a micro economical study as it does not take into account the entire society's data.
Hence, the main difference between sociology and psychology is that former is the study of scientific data of the entire society whereas the latter is considered as study of individuals.
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Which meant buy now pay later. Also known a buying on credit