Low standards of living, Microeconomics

Low standards of living:

In developing nations general standards of living tend to be very low for the vast majority of the people. These low standards of living are manifested quantitatively and qualitatively in the form of low incomes (poverty), inadequate housing, poor health, limited or no education, high infant mortality, low life and work expectancy and sometimes a general sense of hopelessness. Income levels in Ghana and Nigeria are relatively low as compared to levels in the developed world. The distribution of GDP is also severely unequal.

Posted Date: 1/3/2013 1:01:44 AM | Location : United States







Related Discussions:- Low standards of living, Assignment Help, Ask Question on Low standards of living, Get Answer, Expert's Help, Low standards of living Discussions

Write discussion on Low standards of living
Your posts are moderated
Related Questions
What is the theory of Second Best? Prove the theorem with the help of a diagram.


Differentiate between nominal and real exchange rate.  Nominal exchange rate is the rate which actually prevails in the foreign swap market. The real exchange rate is the rate

Plot the demand schedule and draw the demand curve for the data given for Marijuana in the case above?

can achiral molecules refract light?

What do you mean by the utility function? The Utility Function: Sometimes this is easier to work directly along with the preference relation and its connected sets. Althou

methylcyclohexene + HI by the catalyst of H3PO4

how can we solve central problems of economy in different econmy?

Suppose the demand curve for a consumer for coffee is: Q = 6 - 2P, where Q represents the number of cups per day and P is the price of coffee per cup.  1.  Suppose the con

Suppose that in an economy 100 worker-hours produce 160 units of output in year 1. In years 2 and 3 worker hours are 120 and 130 and units of output are 216 and 260, respectively.