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..........
It could be if the economic improvement of the low income country results in materials that the high income country needs.
Fishing is so important to Norway's economy because seafood is their second-largest export. Fish are abundant in Norwegian waters, making them a great source of income for the country.
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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).
Luxembourg has the highest national income, with Norway second and the United States third.
yes
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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.
LIC - Less industrialized country
The country is Norway.
'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..........
Low income, poor industry, generally speaking
People who work in Norway have income.
developing country
Very high income. In Afghanistan being poor means you make 1 million dollars a week.