Answer:
Human Capital & Income Disparity
Step-by-step explanation:
Human Capital: Human capital refers to the knowledge, skills, education, and health of individuals within a population. It is a critical factor in understanding how literacy rates and standards of living are interrelated because a well-educated and healthy population often leads to higher standards of living.
Income Disparity: Income disparity, also known as income inequality, refers to the unequal distribution of income among individuals or households in a society. It is an essential concept to consider when examining standards of living, as significant income disparities can have a profound impact on access to education, healthcare, and other resources that influence literacy rates and overall well-being.