Developing countries are nations with lower per capita income compared with wealthy countries such as the United States, Western Europe, and Japan. Investment in these countries is often channeled through emerging market funds.
Filtering down is a process whereby, over time, a housing unit or neighborhood is occupied by progressively lower-income residents. This transition often involves older residences that were once occupied by the upper classes.
A segment of the population that experiences prolonged economic deprivation and faces an array of sociological challenges that contribute to and perpetuate their disadvantaged status.
Vertical mobility refers to the movement of individuals or groups upward or downward in a social hierarchy, often resulting in a change in social status and economic position.
