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Poverty (Political (Global Scale post-1-image (Colonization :silhouettes:
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Poverty
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Economic
National Economic status :
GDP :unlock: Used to determine how a country is doing economically, but can also be analyzed for a region.
GNP :unlock:
A statistic regarding a nation's total economic activity. Usually referred to the services and goods produced by a country in a year.
Economic Development :unlock:
When a nation improves economically due to a variety of factors, such as improved policies, less corruption, global trade, etc.
Market Structures
Capitalism :recycle:
A country's industries, businesses, trade, and most of the economy is controlled by individuals rather than the government.
Marxism :recycle:
The idea behind communism, going against a capitalist mindset. This is a social change such that goods are equally distributed amoung everyone
Free Market :recycle: The prices of goods and services are to be determined by the consumers, rather than any individual such as the government, authority, or monopoly.
Social
Social Class
Top 1% :confetti_ball:
The 1% of the population getting paid a higher income, usually greater than the common, person.
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Middle Class :star:
The group between working class and upper class.
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Working Poor :fire:
Those who work but earn less than the given poverty rate due to low wages or lack of working hours.
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