Final answer:
Low-order goods and services are essential items required for everyday use, with a small threshold population and prevalent in all community sizes. They are necessary to meet the basic needs and wants of a family, while in the context of an economy, varying elements are required to drive GDP growth in countries at different income levels.
Step-by-step explanation:
Low-order goods and services refer to items that meet the daily needs of people, such as groceries and basic household products. They tend to have a small threshold population, meaning they can survive in areas with fewer people because these goods and services are regularly purchased and consumed. In contrast, high-order goods and services, such as luxury items, require a larger population to sustain the business due to the less frequent purchase rate. Goods and services must be tailored to meet people's needs and wants. For a family of four, basic necessities might include food, basic clothing, shelter, healthcare, and educational goods and services. In economies such as the United States, elements contributing to growth in GDP per capita might include technology, infrastructure, and high-skilled labor. Meanwhile, middle-income and low-income countries like Brazil and Niger may focus on elements such as capital investment, education, and basic healthcare to drive growth.