Question

Q.what is developed and developing economy ?

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Answer 1

ʏᴏᴜʀ ᴀɴsᴡᴇʀ :

ᴅᴇᴠᴇʟᴏᴘᴇᴅ ᴇᴄᴏɴᴏᴍʏ :

»ᴀ ᴄᴏᴜɴᴛʀʏ ʜᴀᴠɪɴɢ ᴀɴ ᴇғғᴇᴄᴛɪᴠᴇ ʀᴀᴛᴇ ᴏғ ɪɴᴅᴜsᴛʀɪᴀʟɪᴢᴀᴛɪᴏɴ ᴀɴᴅ ɪɴᴅɪᴠɪᴅᴜᴀʟ ɪɴᴄᴏᴍᴇ ɪs ᴋɴᴏᴡɴ ᴀs ᴅᴇᴠᴇʟᴏᴘᴇᴅ ᴄᴏᴜɴᴛʀʏ.

»ᴜɴᴇᴍᴘʟᴏʏᴍᴇɴᴛ ᴀɴᴅ ᴘᴏᴠᴇʀᴛʏ ʟᴏᴡ ʜɪɢʜ ʀᴀᴛᴇs ɪɴғᴀɴᴛ ᴍᴏʀᴛᴀʟɪᴛʏ ʀᴀᴛᴇ, ᴅᴇᴀᴛʜ ʀᴀᴛᴇ ᴀɴᴅ ʙɪʀᴛʜ ʀᴀᴛᴇ ɪs ʟᴏᴡ ᴡʜɪʟᴇ ᴛʜᴇ ʟɪғᴇ ᴇxᴘᴇᴄᴛᴀɴᴄʏ ʀᴀᴛᴇ ɪs ʜɪɢʜ.

»ʟɪᴠɪɴɢ ᴄᴏɴᴅɪᴛɪᴏɴs ɢᴏᴏᴅ ᴍᴏᴅᴇʀᴀᴛᴇ ɢᴇɴᴇʀᴀᴛᴇs ᴍᴏʀᴇ ʀᴇᴠᴇɴᴜᴇ ғʀᴏᴍ ɪɴᴅᴜsᴛʀɪᴀʟ sᴇᴄᴛᴏʀ sᴇʀᴠɪᴄᴇ sᴇᴄᴛᴏʀ ɢʀᴏᴡᴛʜ ʜɪɢʜ ɪɴᴅᴜsᴛʀɪᴀʟ ɢʀᴏᴡᴛʜ.

ᴅᴇᴠᴇʟᴏᴘɪɴɢ ᴇᴄᴏɴᴏᴍʏ :

»ᴅᴇᴠᴇʟᴏᴘɪɴɢ ᴄᴏᴜɴᴛʀʏ ɪs ᴀ ᴄᴏᴜɴᴛʀʏ ᴡʜɪᴄʜ ʜᴀs ᴀ sʟᴏᴡ ʀᴀᴛᴇ ᴏғ ɪɴᴅᴜsᴛʀɪᴀʟɪᴢᴀᴛɪᴏɴ ᴀɴᴅ ʟᴏᴡ ᴘᴇʀ ᴄᴀᴘɪᴛᴀ ɪɴᴄᴏᴍᴇ.

»ʜɪɢʜ ɪɴғᴀɴᴛ ᴍᴏʀᴛᴀʟɪᴛʏ ʀᴀᴛᴇ, ᴅᴇᴀᴛʜ ʀᴀᴛᴇ ᴀɴᴅ ʙɪʀᴛʜ ʀᴀᴛᴇ, ᴀʟᴏɴɢ ᴡɪᴛʜ ʟᴏᴡ ʟɪғᴇ ᴇxᴘᴇᴄᴛᴀɴᴄʏ ʀᴀᴛᴇ.

»ᴛʜᴇʏ ʀᴇʟʏ ᴏɴ ᴛʜᴇ ᴅᴇᴠᴇʟᴏᴘᴇᴅ ᴄᴏᴜɴᴛʀɪᴇs ғᴏʀ ᴛʜᴇɪʀ ɢʀᴏᴡᴛʜ.

Thanks!!❤️

Answer 2

Answer:

Heyy mate!!!

There is a proper requirement for a country to be a developed or a underdeveloped country...

Let me give you the perfect details as per 2013 report...

Countries having more than their per capita income of US $12736 per annum and above are called developed countries.

Countries having per capita less than US $1045 per annum are called under developed countries.

Hope it helps you!!

@Harshita0531

Maybe Mark it as brainliest!!