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What is one way in which international trade results in higher standard of living?
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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
How are standard of living and GDP related?
Usually, the higher the GDP, the higher the standard of living.
How does population growth affect the standard of living?
The standard of living increases with the density of the population. A higher standard of living comes from an efficient division of labor and increased trade. When each member of a society is allowed to do what they can do with the greatest competitive advantage and freely trade the results of their labor and other resources with others who do the same it results in the highest possible standard of living. A larger population provides for a more efficient use of resources, including labor, by increasing the opportunity of trading what one does best for that produced by another. Examples of high population density with a lower standard of living, when found, can be explained by restrictions placed on the trade or interactions of the people.
Does a mixed economy have a high standard of living?
Generally mixed economies generate more wealth than other kinds of economies leading to a higher standard of living
Why are countries with more economic freedom have a higher standard of living?
because of this countries follow of global economics and free trade, and standard of living follow free market.
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
How are standard of living and GDP related?
Usually, the higher the GDP, the higher the standard of living.
How does literacy rate affect the standard of living?
The higher the literacy rate, the higher the standard of living
What relationship exists between literacy rate and the standard of living?
The higher the standard of living the greater the literacy rate
What relationship exists between literacy rate and the standard living?
The higher the standard of living the greater the literacy rate
What is a sentence for standard of living?
People in developed countries have a higher standard of living then people in developing countries.
Which has a higher standard of living is it Pakistan or Zambia?
Pakistan generally has a higher standard of living compared to Zambia. Pakistan has a larger economy, higher GDP per capita, and more developed infrastructure compared to Zambia. However, there are varying factors that can affect the overall standard of living in each country.
Which place is more expensive - Germany or Switzerland?
Switzerland due to its extremely high standard of living. Germany has an excellent standard of living, comparable to the US, but Switzerland's living standard is higher.
What Ethnicity has the higher standard of living in America?
I would say that the Caucasian population would in fact have a higher standard of living compared to the African American population or even the Latino population.
How do you use a sentence using the word standard living?
There was a generally higher economic standing and standard of living in New England than in the Chesapeake.
Which country France or the United States has the highest standard of living?
France has a higher standard of living than the United States ranked by the UN.
How does population growth affect the standard of living?
The standard of living increases with the density of the population. A higher standard of living comes from an efficient division of labor and increased trade. When each member of a society is allowed to do what they can do with the greatest competitive advantage and freely trade the results of their labor and other resources with others who do the same it results in the highest possible standard of living. A larger population provides for a more efficient use of resources, including labor, by increasing the opportunity of trading what one does best for that produced by another. Examples of high population density with a lower standard of living, when found, can be explained by restrictions placed on the trade or interactions of the people.
