National income is not a good statistic for discussing the
income of developing countries as it includes the income of richest
and the poorest. It does not represent the equality of income.
National income is not a good statistic for discussing the
income of developing countries as it includes the income of richest
and the poorest. It does not represent the equality of income.
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Singapore is at the top of the list.
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Some countries that have systems of government that promote egalitarianism include Sweden, Norway, Denmark, Finland, and Iceland. These countries have strong social welfare policies, high levels of income equality, and prioritize gender equality. They strive to create societies in which all citizens have access to education, healthcare, and economic opportunities.
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Democracy does not guarantee equality of income, or equality based on ethnicity or gender, or equity of peopleโs control over their lives.
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They are countries with high or low income. High income
countries (HICs) tend to be in the Northern hemisphere and low
income countries (LICs) tend to be in the Southern hemisphere.
There are also middle income countries (MICs).