C-09-Q097mediumsingle_mcq
Since 2010, Karim ran his household by driving a scooter. With no savings, he could not start any new initiative. In 2015, he bought a new scooter with a bank loan and rented it out. Karim's situation before 2015 is related to which economic concept?
Since 2010, Karim ran his household by driving a scooter. With no savings, he could not start any new initiative. In 2015, he bought a new scooter with a bank loan and rented it out. Karim's situation before 2015 is related to which economic concept?
- aextreme poverty
- bpoverty alleviation
- cvicious cycle of poverty
- dincreasing responsibilities