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What is the definition of LICs and HICs?
LICs stands for Low-Income Countries, which are nations with a low gross national income per capita. HICs stands for High-Income Countries, which are countries with a high gross national income per capita. These categorizations are based on a country's economic development and income levels.
Why are successful societies least corrupt?
Countries with higher GDPs per capita and less inequality are seen as more successful, and these qualities lead to more content and complacent citizens. This leads to less political corruption, or less emphasis on the political corruption.
Why successful society least corrupt?
Countries with higher GDPs per capita and less inequality are seen as more successful, and these qualities lead to more content and complacent citizens. This leads to less political corruption, or less emphasis on the political corruption.
Why successful society the least corrupt?
Countries with higher GDPs per capita and less inequality are seen as more successful, and these qualities lead to more content and complacent citizens. This leads to less political corruption, or less emphasis on the political corruption.
3 economic groups International Monetary fund sorts each country?
The International Monetary Fund (IMF) classifies countries into three economic groups based on their income levels: low-income, middle-income, and high-income countries. Low-income countries have a gross national income (GNI) per capita of $1,045 or less, middle-income countries are further divided into lower-middle-income (GNI per capita between $1,046 and $4,095) and upper-middle-income (GNI per capita between $4,096 and $12,695), while high-income countries have a GNI per capita of $12,696 or more. This classification helps in tailoring economic policies and financial assistance programs.
Which country consumes the most alcohol per capita?
According to EarthTrends, the following Middle Eastern countries had average consumption of less than 100 ml. per adult in 2003: Afghanistan Yemen United Arab Emirates Saudi Arabia Lybia Kuwait Iran
Why do most developed countries have a less dense population?
Because they own a large territory compared to the developing countries.
What does LEDC mean in geography?
LEDC stands for Less Economically Developed Country. It is a term used in geography to describe countries with low levels of industrialization, income per capita, and standards of living. These countries often face challenges such as poverty, inadequate infrastructure, and limited access to healthcare and education.
Why Australians use so much water?
They don't. The use of water in Australia is about one third of the per capita water use in the USA and less than many countries in the developed world.
Formula for calculating net profit?
Sales Less: Cost of sales Gross Profit Less: Admin Expenses Selling Expenses Other Expenses Net Profit
What is the definition of estimated expenses?
estimated expenses are expenses that are not actual or real. it may be more than or less than the ctual expenses
Why is Egypt a less economically developed country?
It is considered a less developed country because it has a GDP per capita less than 3000
