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4. It is said that the middle class is declining in the developed world. Explain the...

4. It is said that the middle class is declining in the developed world. Explain the different elements in this argumentation. What is the implication for world trade?
5. It is said that the middle class is rising in developing world. Explain the different elements in this argumentation. What is the implication for world trade?

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4. In a devloped world, Middle class is population is less as most of the population is either concentrated at the upper end or the lower end. Since there is not much scope for further development , Lower class can't grow into middle class .

5. In a developing world , most of the population is concentrated at the middle level as there is scope of development for the lower section of the society and they are shifting towards middle class due to developing economy and surge in their overall income. The wealthy get more wealthy in a developing world.

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