Essay
Consider two hypothetical developing countries,both with very low incomes at similar levels.Country A has a very even distribution of income.Nearly everyone in country A has a similar income.Country B has great variation in income.A small percentage of persons in country B would be classed as middle class,and a smaller number as wealthy,by the standards of developed nations.All other things equal,which of these countries has more potential for development?
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Country B may have better prospects.Inco...View Answer
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