Compare and Contrast the Economic Development of the Northeast with That

question 20

Essay

Compare and contrast the economic development of the Northeast with that of the South. What were some of the reasons that caused those differences in development?

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Definitions:

In-Kind Transfers

Transfers to the poor given in the form of goods and services rather than cash

Market Value

The existing rate at which an asset or service may be traded in the marketplace.

Poverty Line

A threshold income level below which an individual or family is considered to be in poverty, varying by location and household size.

Poverty Line

The poverty line is a threshold that defines the minimum level of income necessary to afford basic living expenses, varying by country and sometimes within regions of a country.