Explanation:
The poverty line is the smallest amount of money, a person or a family needs to live on; to buy what is needed and is a line which is a gulf between the rich and the poor.
The Census Bureau determines poverty status by using an official poverty measure (OPM) that compares pre - tax cash income against a threshold that is set at three times the cost of a minimum food diet in 1963 and adjusted for family size.
Answer:
The correct answer is: d) modernization theory
Explanation:
Within Development Economic literature, the modernization theory states that global inequalities are due to cultural differences between countries, and suggests that poor and under-developed countries should follow the industrialization path previously undertaken by rich, developed countries.
In contrast, world-system analysis, neocolonialism theory and dependency theory focus on exploitation of the poor countries (periphery) by rich countries (center) as the main source of inequality.
Most nations operate in the capitalist system of production and consumption.
Since the end of the feudal system, the world underwent transformations that culminated in economic systems based on barter and mercantilism, which in turn allowed for the existence of industrial revolutions and which were the basis for the capitalist system of production as it is today.
In last century, Capitalism and communism competed for world hegemony until the end of the Cold War, when the bipolarized world gave way to what today times capitalist hegemony in most countries with a few countries in communist systems.
The answer is Sher Bahadura Deuba...
