A country be told as rich or poor, how this is assessed by. If a individual is assessed, his movable, immovable assets are valued. In the country level how it is.
2006-11-19 03:59:06 · 14 answers · asked by selvaaindia 1 in Arts & Humanities ➔ Philosophy
Generally speaking, average income per capita and percent of people below the poverty line
2006-11-19 04:02:35 · answer #1 · answered by Anonymous · 12⤊ 0⤋
The richness of a country is valued from its potential wealth like mineral wealth (may be entirely untapped), agricultural potential (may be grossly under utilized).
But the prosperity of a country is the potential of its people, vibrant economic activity etc... for example, Japan .... with very little resources, is a powerful country , just because of its great people, who are dedicated, hardworking, patriotic, and united.
On the other hand, many countries like India, with great potential, is full of poor individuals just because of lack of dedicated people.
2006-11-20 04:11:44 · answer #2 · answered by Spiritualseeker 7 · 0⤊ 0⤋
True wealth of a nation lies with its people - in their heart, in the wealth of their spirit, so a rich nation would be the one with strongest most abundant spirit and the poorest one would be the one who lacks the humanity to love another as itself, such a nation will see and find enemies all around and in the destroy itself and another, just because it could not trust love.
A civilization is as great as its most abundant heart, its most forwards thinkers, poets and artists, after all that is what stays behind when is dead and perished after centuries, what is left behind is love, so a loving soul is the most rich, and a poor soul would the one who doesn't how to love.
2006-11-20 00:50:14 · answer #3 · answered by Abhishek Joshi 5 · 0⤊ 0⤋
as per the World Bank (2000):
1. countries with per-capita income of more than Rs. 4,35,500 are high-income or developed or "rich" countries
2. countries with per-capita income between Rs. 35,500 and Rs 4,35,500 are middle income countries
3. below Rs. 35,500 are low income countries
(Rs. = Indian Rupees)
develped countries of the G8 are considered rich. also, India and China are considered somewhat richer than the rest of the world
East Timor and Malawi are some of the poorest nations
2006-11-19 12:11:33 · answer #4 · answered by sushobhan 6 · 0⤊ 0⤋
It is directly proportional to the percentage of resources exploited by that country in order to bring more investment in the market, earning foreign currency and increasing per capita income.
2006-11-19 12:08:37 · answer #5 · answered by Harish Jharia 7 · 0⤊ 0⤋
Statistically
2006-11-19 13:30:12 · answer #6 · answered by Dust in the Wind 7 · 0⤊ 0⤋
Many ways
a) Per ca pita income
b) Energy consuming levels
c) Purchase capacity
2006-11-19 12:30:37 · answer #7 · answered by naari 2 · 0⤊ 0⤋
FIRST THE COUNTRY WHO HAS GOOD BALANCE OF PAYMENT IS CALLED RICH COUNTRY SOME MORE FACTORS ARE ALSO THERE LIKE PER CAPTA INCOME AND ITS MOVABLE AND IMMOVABLE ASSETS.
2006-11-20 04:57:51 · answer #8 · answered by RAMAN IOBIAN 7 · 0⤊ 0⤋
A country should be assessed rich or poor based on its resources (all kinds), its utilization without wastage and usage without corruption and pollution.
2006-11-20 04:05:50 · answer #9 · answered by psaloni73 2 · 0⤊ 0⤋
Wealth distribution is important also..,
If two guys on an island have billions and the 1,000 natives are banging sticks together, that country is poor.
2006-11-19 18:08:34 · answer #10 · answered by -.- 4 · 0⤊ 0⤋
GDP per capita (how much money easch person in the country has) . this is worked out by dividing GDP by population.
2006-11-19 12:07:16 · answer #11 · answered by blah 3 · 0⤊ 0⤋