Untitled Flashcards

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the state in which a country achieves a high standard of living and quality of life

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developed

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a process in which a country works to improve its standard of living

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development

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when a country is trying to achieve a higher standard of living

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developing

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set to the possesion of earning less then 1 dollar a day

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extreme poverty

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when a person or households income is significantly less compared to the economic status of others in the society

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relative poverty

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when a person or household does not have the enough amount of income to be able to afford basic living resources and needs

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absolute poverty