give ans explain economic terms
1) denial of opportunities to certain section of the people in the society.
2) Threshold expenditure needed to satisfy basic human needs at socially acceptable levels.
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1) Denial of opportunities are done towards the high society people to promote the growth of the low class society.
Explanation:
- When more priorities are given to low class people in terms of education and employment, their level of economic boom will be high.
- There will be tremendous increase in the financial status of the people when economic opportunities are cut down in the higher sections.
2) Threshold expenditure refers to minimum wages required by an employee to look after his and his family needs.
- The government has offered low interest loans to start small business to meet the day to day needs of the people.
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