Economy, asked by emy44, 18 days ago

Analyse the immediate and the long term changes that might occur in developing countries

Answers

Answered by sarahssynergy
0

Immediate changes in a developing country can be seen in terms of improvement in the standard of life, more goods, and services, etc.

Explanation:

  1. When a country is moving from a developing to a developed country, a number of changes take place.
  2. The resources are used at a faster rate.
  3. More people get what they desire.
  4. In the short term, various changes such as increasing incomes, improved quality of life, etc are experienced by people.
  5. However, in long term, the income becomes stable.
  6. The quality of life is also stabilized at a certain standard.
  7. The use of resources is minimized as the maximum potential of the country has been reached.
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