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
Discount Rate The term discount rate relates to business valuations. It is the rate applied to a future torrent of making an income or cash flow to measure its represen

a monopolist faces a demand curve Qd- 120-2p and has costs given by C(Q)=20Q+100 (marginal cost is constant at $20) a. What is the optimal Price and Quantity for this monopolist?

Explain about the determination of equilibria. Determination of Equilibria: The fourth step for studying an economic step is to make trade-off choices and find out the be

Use a graphical illustration to describe briefly what the influence of each of the following would be on the market supply of labor:(a) an increase in immigration (b) more women en

What is main difference between nominal money supply and real money supply?  Real money supply is the supply of real money in the economy. Real money is supplied considering th

China had to convert its yuan into dollars. Does that cause the dollar to appreciate or depreciate?

In relation to solvency margins in the insurance industry, the solvency margin is the amount of regulatory capital an insurance undertaking is obliged to hold against unforeseen ev

How the inflation effect on the Import and Export of the country?  When general price level enhances in an economy, local currency is devalued. Economy has to spend more on imp