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
Perceived Value Pricing This refers to a pricing strategy that dictates that the price of a given item will be set based on the customer's perception of the value of that item

Do not submit more than 1 file in the Canvas submission link. A few years ago peanut farmers in India experienced a super-bumper crop due to favorable weather conditions. Initially

National income: The national income or product or expenditure provides a measure of total value at factor cost of final goods and services, which are available either fo

The Wealth of Nations of Modern Economies When the federal government uses expenditures to stimulate the economy, it changes not only the present but the future as well. Question

Need help with Free responds

How can we calculate the Inflation rate Inflation:   The rise in general prices and the decrease in value of money. Inflation is a sustained increase in the general price level

Is it possible to get an expert to check my homework before I submit it?

How do I balance this chemical equation: MgSO4*5H2O

Explain the link between the rate of interest and inflation. Interest can be explained as the price of money - more expensive money will lead to few loans, higher saving and as

Explain crowding out and why it may be considered important for policy makers. Crowding out refers to how enhanced government borrowing (real borrowing!) might serve to raise i