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What income is high relative to cost of living consumer will have?

High relative income to cost of living typically occurs in regions where salaries or wages exceed the average expenses for housing, food, transportation, and other necessities. For instance, individuals earning a substantial income in cities with lower living costs, such as certain areas in the Midwest or South of the United States, often find themselves with significant disposable income. This allows for greater savings, investments, or discretionary spending compared to those in high-cost urban areas with similar income levels. Ultimately, a favorable income-to-cost-of-living ratio enhances overall financial well-being and quality of life.


Which type of goods is most adversely affected by recessions?

Goods for which the income-elasticity coefficient is relatively high and positive


Difference between low levels of living and low per capita incomes?

The people living in low income countries have, on average, a lower level of real per capita income. Low income leads to low investment in education and health as well as plant and equipment and infrastructure, which in turn leads to low productivity and economic stagnation.


What is a high and low income countries?

They are countries with high or low income. High income countries (HICs) tend to be in the Northern hemisphere and low income countries (LICs) tend to be in the Southern hemisphere. There are also middle income countries (MICs).


Can low level of living exist simultaneously with high levels of per capita income explain and give some example?

Yes, that describes Portsmouth, Ohio in the 1980's.

Related Questions

What country uses the most perfume per capita?

The country that uses the most perfume per capita is the United Arab Emirates, thanks to its strong perfume culture and high disposable income levels. The demand for luxury fragrances is particularly high in this region.


How much will a trustee take out of your monthly income in a chapter 13 bankruptcy Is it a certain percentage?

It's your disposable income. The debtor files a statement of income and expenditures. The expenditures cannot be unreasonably high. The chapter 13 payment is the difference between the income and expenditures.


Which type of goods is most adversely affected by recessions?

Goods for which the income-elasticity coefficient is relatively high and positive


What does the corpus luteum serve?

A temporary endocine structure in mammals, involved in production of relatively high levels of progesterone and moderate levels of estradiol and inhibin A.


Chocolate and cocoa naturally contain relatively high levels of which two metals?

Calcium and Phosphorous


What does MIC mean in geography?

MIC stands for "Middle-Income Country" in geography. This term is used to categorize countries based on their level of economic development, with middle-income countries falling between low-income and high-income countries. These countries typically have moderate levels of economic development and income levels.


What does mass consumerism require?

Mass consumerism requires high levels of production, widespread distribution networks, effective advertising and marketing strategies, and a constant demand for goods and services to be met. It also relies on disposable income, consumer culture, and a desire for material possessions.


How high are viscocity levels in honey?

The viscosity levels of honey are relatively high compared to other liquids due to its high sugar content. The exact viscosity can vary depending on factors like temperature and type of honey, but generally, honey is considered a thick and sticky liquid.


What is the diffenece between 1.9 d LX and 2.0 HDi GLX?

1.9 d is most likely an old style diesel engine, which is not direct injection. The power levels will be relatively low, and the emissions levels will be relatively high. 2.0 HDi, is a High pressure, common rail direct injection Diesel, produced mainly for the french manufacturers. It is relatively high powered, of the order of 110 bhp, and is more environmentally friendly, since less particulate matter is produced.


What is ejaculatory incompetence?

Ejaculatory incompetence: the inability to ejaculate within the vagina despite a firm erection and relatively high levels of sexual arousal.


Which is the poorest continent?

Africa is often considered the poorest continent in terms of average income levels, with many countries facing high levels of poverty, inequality, and economic challenges.


What is the definition of LICs and HICs?

LICs stands for Low-Income Countries, which are nations with a low gross national income per capita. HICs stands for High-Income Countries, which are countries with a high gross national income per capita. These categorizations are based on a country's economic development and income levels.