What are remittances?
The forming of a new culture from mixing meanings and practices of multiple groups
The movement of people from one place to another
Money sent back to people in an immigrants home country
A measure of the share of society not contributing as much as economically, such as the young or old
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Remittances refer to money or funds that are sent by individuals (usually migrants or immigrants) living in one country to their friends or family members in their home country. These funds are typically sent to provide financial support or assistance to the recipients and can be used for various purposes such as covering living expenses, education, healthcare, or investment in businesses or assets. Remittances play a significant role in many developing economies as they contribute to the overall GDP and can help alleviate poverty and improve the standard of living in recipient countries.
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