Examlex
What could be considered a "silver lining" in the global economic crisis of 2007-2008?
Malthus's Prediction
Refers to Thomas Malthus's theory that population growth would outpace the growth of food supply, leading to widespread poverty and famine.
Less Developed Countries
Nations with a lower living standard, undeveloped industrial base, and low Human Development Index relative to other countries.
Per Capita Income
The average income earned per person in a given area or country, calculated by dividing the total income of the area by its population.
Dual Economy
An economic model that suggests the coexistence of two separate sectors within one economy, traditionally a modern industrial sector alongside a traditional agricultural sector.
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