The term base of the pyramid represents economies in which individuals make less than $2,000 a year.

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The term base of the pyramid refers to the poorest socio-economic group in the world, which includes individuals who earn less than $2,000 a year. The term base of the pyramid typically refers to the 4 billion people in the world who live on less than $2,000 a year. These are often considered as low-income or impoverished economies.

The Term Base of the Pyramid Represents Economies in Which