The total value of the accumulated assets owned by an individual, household, community, or country. (source: http://www.investorwords.com/17821/wealth.html#ixzz2YTJIiqja)

The sphere of social activity undertaken by organizations that are not for profit and non-governmental. (source: http://en.wikipedia.org/wiki/Voluntary_sector)

Relating to societies in which both the surplus capital and the social organization necessary to advance are lacking. (source: http://www.wordreference.com/definition/underdeveloped)

The basic characteristic of this sector is the production of services instead of end products. Services, also known as intangible goods, include attention, advice, access,

In welfare economics, the theory of the second best concerns what happens when one or more optimality conditions cannot be satisfied. Canadian economist Richard Lipsey

An agrarian economy based on production for consumption rather than exchange. Such economies are characterized by low levels of production, yielding a surplus capable of

Financial health of a population, as measured by per capita income and consumption of goods and services by individuals or households. (Read more: http://www.businessdictionary.com/definition/standard-of-living.html#ixzz2X47uy6Hx)