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What is urbanisation?
Urbanisation arises while an increasing proportion of the population live into cities, suburbs or towns. All cities are attractive to potential migrants since they give the view of
• Superior standards of living
• Access to a well-developed infrastructure for example like health and education
• Geographically adjacent market for products, capital and labour
Many Latin American countries are like urbanised like Europe seventy five percent of population in urban regions.
What is the capital-output ratio? Capital-output ratio: This ratio (k) is the amount of capital required to produce £1 of Gross Domestic Product generated, every year.
GDp of World?
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