An increase in savings leads to an increase in long-term income if the savings is earning interest, but takes away from immediate spending ability in the short-run.
<span>James. K. Polk was the 11th President of the
United States from 1845 to 1849, he was called the first “dark house”. He was
the last President to sit in the White House of the Jacksonians and he was very
strong until the Civil War. </span>
Theyre reffered to as the three sisters, bc they all work in harmony. I hope you found this answer helpful, and if so, please mark as brainliest, thank you ((P:
Answer:
Relative Poverty
Explanation:
Relative poverty will consider the amount that average people earn in a certain society to determine whether a person is poor or not.
For example,
In united states, 4 persons families are considered To be living in poverty line if theya re earning less than $25,750 per year. On average the median household income for the people in united states is around $63,000 per year.
BUT,
family with $25,750 income per year only considered to be poor if compared to other people in united states. If that same family is compared to the rest of the world, that family will be considered to be economically well off, since the average household income of the world is only around $9,733 per year.
