differentiate between the characteristics / features of developed and developing economies?
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developed economy has high per capita income and developing economy have low percapita income
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Developed Countries have a high per capita income and GDP as compared to Developing Countries. In Developed Countries the literacy rate is high, but in Developing Countries illiteracy rate is high. ... In developed countries, the birth rate and death rate are low, whereas in developing countries both the rates are high.
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