Even complicated and confusing topics will be easily developed and covered if you request our help writing an essay. Place an order today!

The kind of life that people can afford is largely dependent on the income they earn. For example, people with higher incomes have easy access to things such as clothing and food and can even afford some luxuries.

The kind of life that people can afford is largely dependent on the income they earn. For example, people with higher incomes have easy access to things such as clothing and food and can even afford some luxuries. On the other hand, persons who have low incomes have difficulties meeting their necessities, not to mention luxuries. They are, therefore, subject to poor living standards.
ii. Technology
Technology improves people’s standards of living by making some tasks easier to perform. For example, by adopting new technologies, people who run private business can increase their production levels and incur lesser labor costs. This is beneficial to the owners as it is likely to raise the company’s profit margin.
iii. The home country’s inflation rate
The levels of inflation in a particular economy determine the cost of both goods and services. Therefore, in instances when inflation is high, people need more money to maintain their current living standards; otherwise they are driven to poor living standards. However, individuals’ living standards are likely to improve when there is a reduced inflation rate.
iv. Availability of healthcare
The availability of healthcare influences living standards since only healthy people promise high productivity levels. This implies that when healthcare is inaccessible, those affected are less productive, hence earn less. This makes it hard for them to afford some of the things that they would need, lowering their living standards.
v. Availability of education
Through education, people gain expertise that they can use to earn income. Lack and poverty are therefore prevalent in areas that have high illiteracy levels.










 

The post The kind of life that people can afford is largely dependent on the income they earn. For example, people with higher incomes have easy access to things such as clothing and food and can even afford some luxuries. appeared first on Wise Papers.


If you are seeking for fast and reliable essay help, you got on the right page. From now on, you can stop worry and forget about writing assignments: your college papers are safe with our specialists


testimonials icon
This week, you have been studying and discussing child-centered learning/curriculum and play as integral building blocks for effective early childh...
testimonials icon
Addressing human rights issues is a major objective for intergovernmental organizations (IGOs) and nongovernmental organizations (NGOs) in the glob...
testimonials icon
If the cost effectiveness of an anti-smoking behavioral intervention targeting youth is $100,000 per QALY (i.e. exp...
testimonials icon
Written paper of 1,200-1,500 words, apply the concepts of epidemiology and nursing research to a communicable disease. In a written pa...
testimonials icon
Environmental Law and Leveraging Greenness" Please respond to the following: Describe a business owner’s / executive’s obligatio...
testimonials icon
/*! elementor - v3.6.5 - 27-04-2022 */ .elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading...
testimonials icon
Select a family to complete a family h...
testimonials icon
Surname 1Name of StudentInstructors NameCourse TitleDateSpirituality and Patient CareSpiritual care responds to the needs of the human spirit in the...
testimonials icon
Writing must contain a 2-page summary and a 1-page reflection/critique.It is key to show understanding of the author’s arguments.In...
testimonials icon
In a holistic care philosophy, develop...
testimonials icon
I need someone to write one page summarys for me for 17 weeks. Just reading a chapter and writing a single page summary. I can pay $8 for each...

Other samples, services and questions:

Calculate Price

When you use PaperHelp, you save one valuable — TIME

You can spend it for more important things than paper writing.

Approx. price
$65
Order a paper. Study better. Sleep tight. Calculate Price!
Created with Sketch.
Calculate Price
Approx. price
$65