Economic classification by income refers to fact that the World Bank assigns the world's economies to four income groups
Posted: Sun Jul 03, 2022 1:00 pm
Economic classification by income refers to fact that the WorldBank assigns the world's economies to four income groups—low,lower-middle, upper-middle, and high-income countries.
Economic classification by region is groupings that areprimarily based on the regions used for administrative purposes bythe World Bank. There are two main variants: one which includes alleconomies, and one which excludes high-income economies. ( 6Marks)
Economic classification by region is groupings that areprimarily based on the regions used for administrative purposes bythe World Bank. There are two main variants: one which includes alleconomies, and one which excludes high-income economies. ( 6Marks)