Word: capita
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North Viet Nam, which had a gross national product of $1.6 billion in 1970 ($90 per capita), suffered extensive disruption of its light industry-notably food processing (rice, sugar, fish, tea) and textiles ("bombed to pieces," in the words of a Swedish authority). Hanoi's Viet Nam News Agency claims that the machinery that was evacuated to avoid bomb damage is now being returned. The North also has an embryonic coal-mining industry, which underwent some damage, but Japan stands ready to buy 2,000,000 tons annually from the Hon Gay coal mines...
...poor stepchild of one foreign power after another, rarely able to pay its bills or manage its economic destiny without the aid of wealthier neighbors. All that is changing now, as the progeny of Herodotus and Homer ride high on one of Europe's least expected booms. Per capita income has climbed to $ 1,200 a year, spurred by an economic growth rate of 10.5% last year that left the rest of Europe far behind. In the past five years the number of autos in Greece has doubled, and the use of electricity has more than tripled. In remote...
...former slave masters; in recent years the unsavory nature of the Haitian government has tended to keep that isolation intact. As a result, Haiti is a country that has turned in on itself and had little commerce with other nations, one reason for its dismal economic status (annual per capita income...
...European branch of Futurologist Herman Kahn's Hudson Institute, meaning that by 1985 the country could well capture West Germany's place as the world's fourth strongest economic power (after the U.S., the Soviet Union and Japan). In the meantime, the report predicts that per capita income will rise from $3,600 a year to nearly $6,000, making Frenchmen wealthier than just about anyone but Americans and Japanese...
...basic consequence of the fact that in a competitive market economy the rate of return on investments is determined by the marginal productivity of capital, and that the marginal productivity of capital tends to fall as the overall level of development -- measured by the level of capital invested per capita -- rises. This tendency for the marginal productivity of capital to fall as the general level of investment rises is a case of the well-known law of diminishing returns applied to capital. In practice it means that the less developed economies offer better fields of investment, in terms of rate...