Question

On the basis of economies, we can divide countries into three groups​

Answer 1

Answer:

read and find out below

Explanation:

The division of countries into three groups according the economies is known as the three sector theory. They are classified as under:

(i) Developed Countries: These are the countries which have a high rate of GDP. The minimum wage is Rs. 2,000 or more per day.

ii) Developing Countries: These are the countries which have a developing rate of GDP. The minimum wage is Rs. 500 to Rs. 1,000 per day.

(iii) Underdeveloped Countries: These countries have a low rate of GDP. The minimum wage here is below Rs. 200 or below per day.