Question

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





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Answer 1

Answer:

Such countries generally have a good infrastructure, stable economy with very high per capita income. The degree of development, industrialization and general standard of living for its citizens is very high. Some of its main features are- High per capita income. Low incidence of poverty.

Explanation:

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Answer 2

Such countries generally have a good infrastructure, stable economy with very high per capita income. The degree of development, industrialization and general standard of living for its citizens is very high. Some of its main features are- High per capita income. Low incidence of poverty.