Question

What are the main features of a developed and a developing country?
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Answer 1

Answer:

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Answer 2

Common Characteristics of Developing Economies

• Low per capita real income. Low per capita real income is one of the most defining characteristics of developing economies. ...
• High population growth rate/size. ...
• High rates of unemployment. ...
• Dependence on primary sector. ...
• Dependence on exports of primary commodities.

CHARACTERISTICS OF DEVELOPED COUNTRIES

• High per capita income.
• Low incidence of poverty.
• High standard of living.
• Narrow income inequalities.
• Low growth rate of population.
• Low level of unemployment.
• Infrastructural capabilities are present.