According to experts, personal income level determines individual class level. Therefore, lower-middle class income range is between $35,000 and $60,000. The upper middle class income level is income exceeding $75,000.

1. High income countries

2. Upper-middle income countries

3. Lower-middle income countries

4. Low-income countries

MIC stands for "Middle-Income Country" in geography. This term is used to categorize countries based on their level of economic development, with middle-income countries falling between low-income and high-income countries. These countries typically have moderate levels of economic development and income levels.

Market Consumption Capacity is basically the income of the middle class. (The percentage share of the middle class in consumption/income)

There are factors that need to be fulfilled by Bangladesh to be middle income country. One of the biggest problems to be tackled is inequality on terms of income and wealth distribution.