Difference between an underdeveloped, developing and a developed economy
Answers
Answer:
Underdeveloped country
Its a country who doesn't have a huge yearly budget
The citizens of country may be mostly unemployed
The economy is not stable because
maybe people don't pay taxes on time
maybe government does not invest the funds
Developing country
It's a country who does have a huge yearly budget but not enough to satisfy the economy needs of that country which could be due to overpopulation
The citizens of country may be unemployed or employees at low wages
The economy is not stable because
maybe people don't pay taxes on time
maybe government does not invest the funds
Developed country
Its a country who does have a huge yearly budget
The citizens of country are mostly employed
The economy is stable because
people do pay taxes on time
government does invest the funds
Underdeveloped-UGANDA
Developing-INDIA
Developed-USA