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Poverty
A state or condition in which individuals or communities lack the financial resources and essentials for a minimum standard of living.
Capital-Using Technologies
Innovations that increase the efficiency of capital usage, often leading to higher productivity but possibly requiring more initial investment.
Capital-Saving Technologies
Innovations that allow for the same level of production using fewer inputs of capital, usually leading to cost savings and increased efficiency.
Demographic Transition
describes the transformation of a country’s population structure as it progresses from high birth and death rates to low birth and death rates, often as part of economic development.
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