Interpretation:
There might be connection between the amount of energy used by a country and its economic development. Interpret this.
Concept Introduction:
Energy plays an vital role in human lives and in the activities of the economy, both on a scale of social as well as economical development and it is human need. That is the reason, energy consumption per capita of a country is an important measurement of economic development of a country.
To find out the relation between country and its economic development, Countries are divided into two categories:
Energy import dependency of the countries is again divided into 2 groups:
- Greater than 50% dependency
- Less than 50% dependency
Income level of the countries group is again divided into 4 groups:
1) Low-income economies
2) Lower-middle-income economies
3) Upper-middle-income economies
4) High-income economies.
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