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Describe the failures of southern industries in the late 1800s.
Allocation of Resources
The process of allocating resources among competing uses or projects in order to achieve desired outcomes.
Poverty Rate
The percentage of the population whose family income falls below an absolute level called the poverty line.
Average Income
The total income received by a group divided by the number of people in that group.
Poverty Rate
The percentage of the population whose income falls below a certain threshold, defining them as living in poverty.
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