Perhaps each society's richer people are also happier because happiness comes not from absolute wealth but from relative wealth--recall H.
The party has extricated itself from big parts of their lives, and relative wealth has broadened horizons.
Consider the foreign importer: No doubt that importer's relative wealth position is enhanced by the devaluationist "gift"--at first.
This is due to the fact that they are both a function of relative wealth of a country.
In terms of natural resources, mainly oil and gas, Kazakhstan's and Turkmenistan's relative wealth contrasts with Kirgizstan's and Tajikistan's poverty.
Given the relative wealth of the UK this is simply unacceptable.
EU's current arcane budget rules, although members make payments to the budget which are broadly in line with their relative wealth, their receipts depend to a large extent on how productive their farmers are.
One result is that Italy's 40-year-olds have seen a bigger drop in their relative wealth since 1987 than any other group, while those over 50 have seen significant gains, according to the Bank of Italy.
In the past, the magnitude of this wealth effect has been fairly modest, but it may have grown in many countries over the past decade or so as financial wealth has increased relative to income.
In the courts, it would appear that the owners may find very little sympathy for their arguments given the profitability of the league, most teams within the league, and the relative wealth position of the owners compared to the average player as cited above.
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Many other positive feedbacks such as the wealth effect, relative valuation methods, and the increased ability to borrow against inflated asset prices operate in financial bubbles and bull markets.
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Of course, that's yet another unfair fact of life: really stupid people seem to acquire wealth and power with relative ease because they don't have the impediment of conscience or second-guessing reflection.
The differences in GDP growth will affect the exchange rate and relative levels of wealth in China and the U.S. The housing bubble in China continues to be controlled, and property prices in most of the larger cities will increase in the next 12 to 24 months.
Among many things, the behaviourists have found that it is relative, not absolute wealth, that matters most to people.
The gap was so wide that both countries could portray themselves as victims: the Philippines because of its relative poverty, Singapore its wealth.
Even at that age I could sense the gap in wealth and living standards compared to the relative comfort of growing up in a single parent family in Croydon.
They are not, as you might guess, as interesting to watch in relative poverty as in obscene wealth, and the poverty part goes on much too long not just for them, but for us watching them.
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But she stresses that wealth -- and happiness -- are relative concepts.
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It also can be said, however, that relative to current and recently lowered expectations of future wealth for the middle class, this is probably offering a higher percentage of redistribution than was the case a few years ago or for that matter during the pre-Thatcher British welfare state.
It's underpinned by strong economic growth potential relative to the developed markets, there's a great deal of individual wealth that is building up in the region in the retail and high-net-worth levels.
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