Question

distinguish between developed economy and developing economy

Answer 1

developed country, industrialized country, more developed country, or more economically developed country, is a sovereign state that has a developed economy and advanced technological infrastructure relative to other less industrialized nations. 

developing country is a country with a less developed industrial base and a low Human Development Index relative to other countries. However, this definition is not universally agreed upon. There is also no clear agreement on which countries fit this category