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What is poverty?
Poverty is a complicated multidimensional model measured by using a range of indicators. It is about disparities into the distribution of power, opportunity and income. The UN differentiates among:
• Income poverty particular indicator: it is low standard of living measured through income or consumption
• Human poverty for examples: low life expectancy, awareness, standard of living as well as participation. Indicators comprise: education, access to services, health and infrastructure
• Income poverty as like the absolute poor earn one dollar per day or less.
What are rural and urban sectors? Rural and urban sectors: • Rural sector consider as countryside. 60 to 70 percent of LDC (Less Developed County) population live into r
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What is the Infant Industry argument? Several governments seek to protect involving industries by premature competition. Infant industries have potential comparative benefit b
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Explain short run costs breifly.. In analyzing factor cost in an environment, accountants and economists speak much the same language. This is become, in a competitive market,
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What factors affect Population Change? Population growth is affected by given factors: • Births from the 1960s birth rates have declined quickly inmost LDCs except which in
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