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Understanding Key Elements and The Map of Wealth Distribution

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Human-Written

Words: 395 |

Page: 1|

2 min read

Published: Nov 16, 2018

Words: 395|Page: 1|2 min read

Published: Nov 16, 2018

The map that forms the basis of this discussion is interactive in the sense that it creates a better focus and understanding the world distribution based on crucial focus and understanding under which it will be possible to make conclusion regarding the global representation on key information. The world is distributed differently and thus the interactive map that is provided in this case provides an understanding on key elements that include median ages and the map of wealth distribution.

There is significant wealth in countries, which are very small and could not be identified when focusing on different factors. Africa is significantly a large continent as a whole but when considering the wealth factors japan is significantly large than Africa. The worldwide total personal wealth stands at $261.8 trillion with the United States having a significant share of this total. The United States has $83.7 trillion worth of wealth, which represents 31.7%. These figures make the United States have a large share in the map while japan and china have also a significant influence when considering median age and wealth (Baylis, J., Owens & Smith, 2017).

The high level of wealth in these countries is not proportional across the world, which means that there are areas that are extremely poor while others are extremely wealthy. The countries with high wealth are more stable economically where they are not likely to be influenced with minor changes within the economy. They are more developed and highly engaged in creating a clear environment under which it is possible to have a greater understanding of these developments. Business leaders are more likely to invest in less wealthy countries due to relatively cheaper cost of production.

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The less wealthy regions provide better environments for emerging markets that would help in creating a significant environment under which better decisions can be made. The choice of market is crucial in this case and there is need to ensure that business leaders make the right investment choices regarding what they expect in the different markets based on the spending ability of each country and the prices of their goods and services. There is always need to ensure that the underlying elements within the market are taken into consideration and ensure that there is a better development platform under which the worth of wealth can be distributed based on interaction between countries in different categories (Ferreras, 2016).

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Understanding Key Elements and the Map of Wealth Distribution. (2018, November 15). GradesFixer. Retrieved November 19, 2024, from https://gradesfixer.com/free-essay-examples/understanding-key-elements-and-the-map-of-wealth-distribution/
“Understanding Key Elements and the Map of Wealth Distribution.” GradesFixer, 15 Nov. 2018, gradesfixer.com/free-essay-examples/understanding-key-elements-and-the-map-of-wealth-distribution/
Understanding Key Elements and the Map of Wealth Distribution. [online]. Available at: <https://gradesfixer.com/free-essay-examples/understanding-key-elements-and-the-map-of-wealth-distribution/> [Accessed 19 Nov. 2024].
Understanding Key Elements and the Map of Wealth Distribution [Internet]. GradesFixer. 2018 Nov 15 [cited 2024 Nov 19]. Available from: https://gradesfixer.com/free-essay-examples/understanding-key-elements-and-the-map-of-wealth-distribution/
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