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In which income do communities generally have a low standard of living?
Wiki User
∙ 9y ago
If you are asking what "health" an economy would it be if people have a low standard of living the answer is a depression. If you are wondering which type of economy breeds low standards of life this becomes a more politically motivated question. There is great debate to what kind of economic system would benefit which countries. In order to fully understand the influence of the economical system over any given country you must fully understand what their main industry is and what kind of industry and production they can attain as well as what their population and state of wealth and governmental tendencies are. In most modern developed countries the type of economic system that would lead to a low standard of living would be a command economy. A command economy is an economy that is deeply influenced by political thought and government agencies. The government makes it hard for individual people to have a share in business and the main sources of income and production are government regulated or run. This is the exact opposite of a free market economy where everyone has equal opportunity. A command economy would likely be the result of a communist governmental control.The traditional economy is the communities that generally have low standard of living. This are people are called middle class.
Wiki User
∙ 9y ago
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An increase in the standard of living results from an increase in what?
an increase in standard of living comes from increase in income. An increase in national income will increase the standard of living of the people of that nation.Income
Why increase in national income affect increase in standard of living?
An increase in national income affects the increase in the standard of living because an increase in income increases the standard of living. When the national income is low, people are poorer.
What are 3 factors that influence the standard of living?
Family size, marital status, and income/expenses are three factors that influence the standard of living.
What is meant by a country's standard of living?
The standard of living of a country can not only be judged from the national income of that country but what is important that how people are living in that country .This can be known by the educational attainment, life expectancy and the standard of living of people etc.
Why is increase in national income is necessary but not a sufficient condition for a rise in people's standard of living?
A rise in the national income is not necessarily a condition for the rise in people's standard of living. If the wealth is in the hands of a few, then most people's standard of living does not rise. In addition, if the population greatly increases, their is no rise.
An increase in the standard of living results from an increase in what?
an increase in standard of living comes from increase in income. An increase in national income will increase the standard of living of the people of that nation.Income
Do the people of Australia have a generally high or low standard of living?
Australians generally have a high standard of living. While tghre are always people at the extreme ends of such a scale, Australia rates globally as having one of the highest standards of living in the world, based on education, medical services, income and employment.
What are some of the limitations of the national income account in how they represent your standard of living?
the limitation that effect national income is base standard of living in the country if the country have a good policy of economic definitely the standard of living will be balance
Can the income of a person living with you affect child support?
generally, no
Why increase in national income affect increase in standard of living?
An increase in national income affects the increase in the standard of living because an increase in income increases the standard of living. When the national income is low, people are poorer.
What is the median income in Portugal?
The Living Standard of Portugal is very high. It is a developed country with the 34th highest living standard in the world. Its living standard is comparable with that of Qatar or the Czech Republic.
What is the developed country and the developing country?
The income level and standard of living
Factors which determine country's standard of living?
Key factors that determine a country's standard of living include its level of economic development, income distribution among the population, access to education and healthcare, quality of infrastructure, political stability, and social welfare programs. These factors influence the overall well-being and quality of life for citizens in a particular country.
What is the minimum income needed to support a household called?
the standard of living
What are 3 factors that influence the standard of living?
Family size, marital status, and income/expenses are three factors that influence the standard of living.
What is meant by a country's standard of living?
The standard of living of a country can not only be judged from the national income of that country but what is important that how people are living in that country .This can be known by the educational attainment, life expectancy and the standard of living of people etc.
Why is increase in national income is necessary but not a sufficient condition for a rise in people's standard of living?
A rise in the national income is not necessarily a condition for the rise in people's standard of living. If the wealth is in the hands of a few, then most people's standard of living does not rise. In addition, if the population greatly increases, their is no rise.
