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Draw a circle graph. In the United States for 2000, the percentage of national household income by quintiles was as follows: 1st, 4%; 2nd, 17.1%; 3rd, 36.7%; 4th, 24.4%; 5th, 17.8%.
Standard of Living
The level of wealth, comfort, material goods, and necessities available to a person, group, or society.
Lower Cost
Refers to a reduction in the expenses incurred in the production of goods or services, improving profitability and competitive advantage.
Trade Barriers
Measures implemented by countries to restrict international trade, including tariffs, quotas, and non-tariff barriers.
Basic Types
Fundamental categories or classes into which things can be grouped based on common characteristics.
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