What word describes the phrase of a business cycle that occurs after a through and before a peak?
Contraction, in economics, refers to a phase of the business cycle in which the economy as a whole is in decline. A contraction generally occurs after the business cycle peaks, but before it becomes a trough.
What are the obstacles to economic development for countries with lower standards of living?
The quality of labour force is also poor. The low level of literacy, malnutrition, absence of proper medical care etc are all barriers to economic development Effective measures have to be taken for sufficient investment in human capital to break the poverty barrier of the LDCs.
What countries have highest standard of living?
Based on these indices, the ten countries with the highest quality of life are:
- Denmark (192.53)
- Switzerland (190.92)
- Finland (186.40)
- Australia (185.03)
- Netherlands (184.18)
- Austria (181.68)
- Iceland (180.74)
- New Zealand (178.22)
Which city has the highest standard of living?
2019 city ranking
| Rank | City | Country/region |
|---|---|---|
| 1 | Vienna | Austria |
| 2 | Zürich | Switzerland |
| 3 | Vancouver | Canada |
| 3 | Munich | Germany |
Where is statistically the best place to live?
- Norway. The United Nations listed Norway as the best country to live in primarily because all of the factors the researchers took into consideration were good marks on behalf of Norway.
- Switzerland. The health of people who live in Switzerland is outrageously impressive.
- Australia.
- Ireland.
- Germany.
- Iceland.
- Sweden.
- Hong Kong.
Is Hull the worst place to live?
Income in Hull is not among the very worst in the UK, at £466.30 – of the 10 worst places over all in our study, it has the second highest weekly gross income after South Teesside, which is in the 10th worst position. Disposable income is low, however, at £13,046 for the average household.