Difference between developing economy and underdeveloped economy
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Economic difference between developed and underdeveloped economies. Economic difference between developed and underdeveloped economies:
First, economic inequality is defined as the difference between individuals or populations in terms of their wealth, assets, or income. ... Developing nations are generally categorized as countries that are less industrialized and have lower per capita income levels.
A developing country (or a low and middle income country (LMIC), less developed country, less economically developed country (LEDC), underdeveloped country, or poor country) is a country with a less developed industrial base and a low Human Development Index (HDI) relative to other countries.
First, economic inequality is defined as the difference between individuals or populations in terms of their wealth, assets, or income. ... Developing nations are generally categorized as countries that are less industrialized and have lower per capita income levels.
A developing country (or a low and middle income country (LMIC), less developed country, less economically developed country (LEDC), underdeveloped country, or poor country) is a country with a less developed industrial base and a low Human Development Index (HDI) relative to other countries.
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