Saving Is Low in Many DVCs Primarily Because Income Is

question 122

True/False

Saving is low in many DVCs primarily because income is very equally distributed.

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Definitions:

Industrialization

The process by which an economy is transformed from primarily agricultural to one based on the manufacturing of goods, accompanied by technological innovation and changes in society.

Urbanization

The process by which towns and cities are formed and become larger as more people begin living and working in central areas, contributing to the growth and development of urban areas.

Education System

The collective institutions, policies, and processes that are designed to provide educational services and opportunities to the population.

Equalizer

In general terms, an equalizer is a device or tool used to adjust the balance between frequency components of an audio signal. In a broader social context, it can refer to anything that levels the playing field among people.