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.
The time people are willing and capable to work at different wage rates throughout a given period is termed as the: (1) supply of labor. (2) labor force participation rate. (3) marginal product of labor. (4) labor theory of value. Q : Types of measurement in Metrics Types Types of measurement in Metrics: A) Nominal: a nominal scale assigns items to a category. For example, the category may be a simple "yes" or "no." In the case of a family, a nominal scale
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What are the various functions of price mechanism in a free market economy?
Describe the relation between average revenue and marginal revenue. whenever a firm can sell an extra unit or a good by lowering price.
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I have a problem in economics on demand-Purchasing goods. Please help me in the following question. The quantity of good consumers will purchase beneath different conditions are termed as consumer: (i) Requirements. (ii) Entitlements. (iii) Wants. (iv
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