MIDDLE CLASS ROLE IN THE ECONOMIC DEVELOPMENT OF A NATION
Middle class though originally a group of merchants which arose in the early 14th century has now become an indispensable part of the society on whose shoulders the global economy relies though in many developed Nations middle class helps in establishing balance between the rich and poor class . For instance mainly boss belongs to the rich class and 4 class employees belong to the lower class and while 2 , 3 and in some cases 1 class employees are considered to be middle class , So we can clearly understand that this middle class works as the main processors they are nothing less then the CPU of many computers but this is a mere role of the middle class in a developed nation but how do this class support economic growth of a nation ? Why are they considered to be backbone of a developing nation ? but first I shall let you guys know that WORLD BANK has made a declaration that anyone with a annual income between $ 1,026 and $12,375 are considered to be middle class no matter o...