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Unformatted text preview: areas, while accepting loans in white areas. Embedded- the economy is embedded in society, its history, culture, and cleavages. Poverty line- determines whether income is enough to sustain a decent standard of living, what is called the poverty threshold. Black Ghetto- a racial institution marked by social isolation and economic vulnerability first formed when blacks emigrated north during the early 20 th century. Isolated residents suffer from pandemic unemployment and are cut off from social networks of working people who know job opportunities....
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- Spring '08