the difference between undeveloped and developed economy
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The economies that have high per capita income and support a high standard of living is referred to as a developed economy and, on the other hand, economies that have low per capita income resulting in a low standard of living is referred to as an underdeveloped economy.
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The economies that have high per capita income and support a high standard of living is referred to as a developed economy and, on the other hand, economies that have low per capita income resulting in a low standard of living is referred to as an underdeveloped economy.
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