Question

What is a developed economy ? Explain any 4 features of developed economy . ​

Answer 1

Answer:

Features of developed economy

1.High per capita income.

2.Low incidence of poverty.

3.High standard of living.

4.Narrow income inequalities.

5.Low growth rate of population.

6.Low level of unemployment.

7.Infrastructural capabilities are present.

Explanation:

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