Examlex
Instructions:
∙ Identify each item. Give an explanation or description of the item. Answer the questions who, what, where, and when.
Explain the historical significance of each item. Establish the historical context in which the
∙ item exists. Establish the item as the result of or as the cause of other factors existing in the society under study. Answer this question: What were the political, social, economic,
and/or cultural consequences of this item?
-"The Prayer of Twenty Millions"
Income Gap
The disparity in the distribution of income among different groups within a population, often between the rich and the poor.
Economic Development
The process by which the economic well-being and quality of life of a nation, region, or local community are improved according to targeted goals and objectives.
Infrastructure
The fundamental facilities and systems serving a country, city, or area, including services and facilities necessary for its economy to function.
Real Income
The income of individuals or nations after adjusting for inflation, representing the actual purchasing power over goods and services.
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