differenciate between developed countries and developing countries
Answers
The classification of countries is based on the economic status such as GDP, GNP, per capita income, industrialization, the standard of living, etc. Developed Countries refers to the soverign state, whose economy has highly progressed and possesses great technological infrastructure, as compared to other nations.
The countries with low industrialization and low human development index are termed as developing countries. Developed Countries provides free, healthy and secured atmosphere to live whereas developing countries, lacks these things.
After a thorough research on the two, we have compiled the difference between developed countries and developing countries considering various parameters, in tabular form.
Content: Developed Countries Vs Developing Countries
Comparison Chart
Definition
Key Differences
Conclusion
Comparison Chart
BASIS FOR COMPARISON DEVELOPED COUNTRIES DEVELOPING COUNTRIES
Meaning A country having an effective rate of industrialization and individual income is known as Developed Country. Developing Country is a country which has a slow rate of industrialization and low per capita income.
Unemployment and Poverty Low High
Rates Infant mortality rate, death rate and birth rate is low while the life expectancy rate is high. High infant mortality rate, death rate and birth rate, along with low life expectancy rate.
Living conditions Good Moderate
Generates more revenue from Industrial sector Service sector
Growth High industrial growth. They rely on the developed countries for their growth.
Standard of living High Low
Distribution of Income Equal Unequal
Factors of Production Effectively utilized Ineffectively utilized