Examlex
Instructions: Please define the following key terms.
-Giuseppe Garabaldi
Low-Income Developing
Refers to countries with low levels of income per capita, often characterized by limited economic development and facing challenges in poverty, health, and education.
Absolute Income Gap
The absolute income gap measures the difference in income levels between individuals, households, or groups, without considering relative changes over time or comparisons.
Capital Flight
The sudden and large-scale withdrawal of capital or assets from a country due to economic or political instability.
"Brain Drain"
The emigration of highly trained or qualified people from a particular country.
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