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Afghanistan is a LIC (Low Income Country).
It Depends in which country the person makes this income. For UK it is 20% of income. But this vary from country to country and depends upon country`s legislatives. Is some countries it is quite low 8-10% of personal income.
mumbai is a poor country because people can not
LIC - Less industrialized country
Norway has a high GDP and is not a low income country at all. Norway ranks in the top 10 of every positive economic indicator used to measure prosperity.
'A Country is poor because it is poor' Example-low income-low demand-low investment in goods-low productivity-low income.. this the vicious circle of poverty..........
developing country
Low income, poor industry, generally speaking
Very high income. In Afghanistan being poor means you make 1 million dollars a week.
The city of Bombay (Mumbai) is in the country of India.
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