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In the Featured Study on modeling and behavior by Bandura,Ross and Ross the results suggest that
Standard Of Living
A measure of the wealth, comfort, material goods, and necessities available to a certain socioeconomic class or geographic area.
Economic Growth
A rise in the economic power to produce goods and services when comparing distinct periods.
Capital Formation
The process of accumulating assets and investments that are used for future production or economic growth.
World Bank
An international monetary organization granting loans and finances to governments of less affluent countries for capital project undertakings.
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