Question

John makes $60,000 a year. He sees Jack and Steven in his company own expensive cars and live in big houses. Although his condo is nice, he feels deprived when he compares himself to Jack and Steven. John experiences...

A. Relative deprivation
B. Economic inequality
C. Relative poverty
D. Income disparity

Answer 1

John experiences Relative deprivation when he feels deprived comparing himself to his colleagues who own expensive cars and live in big houses, despite being able to afford his necessities.

Step-by-step explanation:

John experiences Relative deprivation. Relative deprivation occurs when an individual perceives themselves as worse off or deprived compared to others in their community or society, particularly with reference to their standard of living or the possessions they own. This is about feelings and perceptions of inequality rather than measurable economic conditions. John feels deprived when he sees his colleagues owning expensive cars and living in big houses, despite the fact that he can afford the necessities of life in his nice condo. This contrasts with absolute poverty, which refers to an inability to meet basic needs for survival, and economic inequality, which represents the disparity in income and wealth across different groups in society.