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The Middle class will decline.

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Q: What is the concern related to the income gap in many southeast Asian countries?
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What countries have the highest per capita income in southeast asia?

Singapore is at the top of the list.


Who has the highest income of Southeast Asia's realm?

Brunei


More than other Western democracies political participation in the US is related to income level True or False?

Political participation in the U.S. is related to income more than in most other Western countries.


What is a high and low income countries?

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).


What four groups the world bank divides the world into?

1. High income countries 2. Upper-middle income countries 3. Lower-middle income countries 4. Low-income countries


Why is there a difference in waste production between low income countries and High income countries?

there is a difference in waste production between low income countries and high income countries because high income countries have more money to spend on raw materials therefore creating more waste.


Are consumption and income positively related or are they negatively related?

They are positively, or directly related. An increase in income is associated with an increase in income; a decrease in consumption accompanies a decrease in income.


Difference between Income statement and Profit and loss account?

Income statement shows only income of the concern in a particular period but Profit and loss statement shows both income and expenditure of a firm or concern for a particular period as well as it helps to know the performance of the organisation....


Why the national income statistic cannot good for discussing the income of developing countries?

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.


What does MIC mean in geography?

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.


Difference between income tax act and income tax rule?

The income tax act focuses its concern on total income and the income tax rule focuses on which types of income are taxable. That is the biggest difference between the two.


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.