Examlex
Which of the following is true of an individualist culture?
Per Capita Income
The average income earned per person in a given area in a specified year.
Gini Coefficient
A measure of statistical dispersion intended to represent the income or wealth distribution of a nation's residents, with 0 expressing perfect equality and 1 expressing maximal inequality.
Spending Power
Spending power, also known as purchasing power, is the ability of an individual or group to buy goods and services, often influenced by income levels and economic conditions.
Production Factors
Resources used in the process of creating goods or services, traditionally classified into land, labor, capital, and entrepreneurship.
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