Question

Difference between developed and developing economy

Answer 1

The two categories are developed nations and developing nations. Developed nations are generally categorized as countries that are more industrialized and have higher per capita income levels. ... Developing nations are generally categorized as countries that are less industrialized and have lower per capita income levels.

Answer 2

Answer:

Developed economy is the nation which has already developed

Developing economy is the nation which is developing and finding vaeiuos resources available