Examlex
Please define the following key terms. Show Who? What? Where? When? Why Important?
-Iliad
Standard Of Living
The level of wealth, comfort, material goods, and necessities available to a certain socioeconomic class or a certain geographic area.
Per Capita Income
The average income earned per person in a given area in a specified year, often used to gauge the economic prosperity of a population.
Tariff Barriers
Taxes imposed on imported goods to protect domestic industries from foreign competition and raise government revenue.
Exploiting
Taking unfair advantage of a person, group, or situation for one's own benefit, often ethically or legally questionable.
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