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 is the process of selling consumer goods and/or services to customers through multiple channels of distribution to earn a profit. Demand is created through diverse target markets and promotional tactics, satisfying consumers' wants and needs through a lean supply chain.etail is usually classified by type of products as follows: 1  Food products â typically require cold storage facilities. 2  Hard goods or durable goods (hardline retailers) â automobiles, appliances, electronics, furniture, sporting goods, lumber, etc., and parts for them.