when a country considered a poor country
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In common language, the terms "rich" and "poor" are often used in a relative sense: A "poor" person has less income, wealth, goods, or services than a "rich" person. When considering nations, economists often use gross domestic product (GDP) per capita as an indicator of average economic well-being within a country
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It is widely accepted that countries are poor because their economies don't manage to grow sufficiently. ... Instead, countries are poor because they shrink too often, not because they cannot grow – and research suggests that only a few have the capacity to reduce incidences of economic shrinking.Nov 28, 2019
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