Average standard of living in Africa
Elucidate briefly the average standard of living in Africa?
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It is exceptionally low. Africa is the most impoverished continent on the planet. The average African has lack access to safe drinking water and most generally lacks plumbing. ‘Informal housing’ is the rule with electricity and secure transportation remaining luxuries. Even life style aspects taken for granted through the average Russian or Mexican are out of reach for many Africans. In employment, most of Africans are unemployed or employed in farming.
Sub Saharan Africa in particular is one the world's poorest area. According to the World Bank seventy four point nine percent of the population lived on less than two dollar a day in the year of 2003; forty four percent lived on less than one dollar a day.
Meaning of ex-ante savings: Ex-ante savings are expected savings or planned savings.
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