If one wants to know how the material well-being of the average person has changed over time in a given country, one should look at the

Q: Are living standards of developing and developed nations converging?

A: The developed and developing countries are classified on the basis of their per capita income. The…

Q: why being poor is expensive? expand

A: The economics as an area of study deals with the use of resources in the economy, or society. The…

Q: How should countries operate relative to their investment opportunities?

A: Introduction Many investors allocate a percentage of their portfolios to international investments.…

Q: According to Adam Smith, where does the wealth of a country come from? What does society need in…

A: Demand: - Demand is the relationship between the quantity demanded and the price of a good. There is…

Q: entrepreneurs, freedom, opportunity, and a little bit of money are to economic growth and…

A: The correct answer is given in the second step.

Q: Kenya is ________ country. a) developed b) developing c) Underdeveloped

A: Development is a constructive process of change in which the economic, social, and environmental…

Q: Why health and education is important for the development of a country

A: Health and Education play the utmost important role in the development of a country. Health is…

Q: What forces may promote in the future a global economy, as opposed to localism?

A: Answer -    Globalism:- Under the globalism where more free flow of information, Trade among the…

Q: Why will the U.S. population grow faster than othermore developed countries?

A: The population of the United States is expanding at the same rate as, if not faster than, that of…

Q: What metrics can help analyze the economic environment of a country

A: Economic components are only a portion of the "environmental uncontrollable" which advertisers…

Q: Why are some countries today much poorer than other countries? Are today’s poor countries destined…

A: Economic growth in a country occurs when more output can be produced within a specific time period.…

Q: Why overpopulation and unemployment affect development of a country?

A: The process of enhancing a society's economic, social, and environmental conditions is referred to…

Q: Developing countries essay

A: The UN divides countries into two groups which are as follows: developed and developing. Countries…

Q: According to Jason Hickel how do rich countries de-develop?

A: They can de-develop, according to Hickel, by limiting economic growth and abuse, which leads to…

Q: Apply your knowledge in identifying the factors that will contribute to the economic progress of a…

A: When a product gets underway for the production process, cost  takes place for producing that…

Q: What have  been the ingredients for economic growth and development that China and India share?…

A: The economic growth level of a country is the level of GDP growth in the country. The level of GDP…

Q: Is there a better way to classify a country other than the use of GDP and per capita? Explain

A: Yes, there is a better way to classify a country other than the use of GDP and per capita as these…

Q: Discuss the reasons why China had to reevaluate and relax its strict population policy?

A: 1. China introduced a one-child policy in 1980 where married couples were allowed to have only one…

Q: Kenya is underdeveloped country. What are the some reason behind it? Explain.

A: An underdeveloped country is one that, in comparison to other nations, has a comparatively low level…

Q: Role of education in a country development ?

A: Education is very important for a countrys development.With increase in education,human capital…

Q: What are some of the ways that you can suggest that can help address the inequalities between rich…

A: The problem of non-availability of food is growing day by day. There have been instances when…

Q: Is it beneficial for nations to become dependent in one another? Use the theories to justify your…

A: The interdependence of nations is quite common in the present scenario. Economic globalization has…

Q: some countries are rich and some are poor. Explain this situation with "geography"

A: The economic performance of a country is impacted by the geography of that nation. It can also shape…

Q: How has the proliferation of internet, online, and computer technologies impacted underdeveloped…

A: Digital divide refers to the gap or disparity in access to and use of digital technologies,…

Q: Countries are strengthening their domestic economies. In which few ways it is done?

A: The domestic economy is a term coined by Marvin Harris to describe the structural components of…

Q: what is the advantage of having a lot of scientist in a country?

A: For the study of society, the application of complexity science techniques allows for the…

Q: what are the Economic factors of Ethiopia include:  major industries, exports, and imports, GDP…

A: Economic factors  Economic factors are those which may help to calculate the economic growth and the…