Examlex
Discuss the characteristics and location of Europe's three major climates.
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.
Stock of Capital
Represents the total value of all physical assets (machinery, buildings, equipment) that are used in the production of goods and services in an economy.
Birth Rate
The number of live births per 1,000 population in a given year.
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