The document discusses inequalities in living standards around the world. It notes that earning £100,000 per year places one in the top 0.12% globally, while earning only £100 per year means over 500 million people live on less. It contrasts life in more economically developed countries (MEDCs) and less economically developed countries (LEDCs), noting that LEDCs often have low-paying jobs, sell raw materials cheaply while buying manufactured goods expensively, high birth/death rates, less access to healthcare and education. Wealth is judged by GNP per capita, with the US and UK as MEDCs and Rwanda and Ethiopia as LEDCs. While LEDCs have less income, some argue they have