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Unformatted text preview: - The three richest people on Earth have wealth that exceeds the combined economic output of the 47 least-developed countries. The richest 200 people have more money than the combined income of the lowest 40 percent of the worlds population, or about 2.4 billion people. - About half of the worlds people live on less than $2 a day, the World Banks definition of poverty. Absolute poverty refers to a condition of life that is so degraded by disease, illiteracy, malnutrition, and squalor as to deny its victims the basic necessities of life. Relative poverty refers to a standard of living below that of most others in society, but not necessarily threatening to life or health....
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This note was uploaded on 11/08/2011 for the course SCIE SYG2000 taught by Professor Bernhardt during the Fall '10 term at Broward College.
- Fall '10