It is a multifaceted concept, which includes social, economic, and political elements Absolute poverty or destitution refers to the deprivation of basic human needs, which commonly includes food, water, sanitation, clothing, shelter and health care.elative poverty measures are used as official poverty rates by the European Union, UNICEF and the OEDC. The main poverty line used in the OECD and the European Union is based on economic distance, a level of income set at 60% of the median household income.
wholesale - the selling of goods to merchants; usually in large quantities for resale to consumers. marketing, merchandising, selling - the exchange of goods for an agreed sum of money. retail - the selling of goods to consumers; usually in small quantities and not for resale.
Retail Operations. A retail business is a store or any type of operation that sells products to consumers or other businesses. This includes salons that sell hair products, clothing stores, e-book retailers and wholesalers. The type of retail license a business needs depends upon where it is located and what it sells.