how is a nation become developed one?
Answers
Answer:
One such criterion is income per capita; countries with high gross domestic product (GDP) per capita would thus be described as developed countries. ... The index, however, does not take into account several factors, such as the net wealth per capita or the relative quality of goods in a country.
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Answer:
The term developing country is used for a country whose level of material comforts is low (not to be confused with third world countries about this term). Since no single definition of the term developed country is recognized internationally, levels of development can vary widely in these so-called developing countries. In some developing countries, the average standard of living is also high. [1] [2]
Countries whose economy is better than other developing countries, but who have not yet indicated the developed country, are placed in the category of newly industrialized countries.