Question

What is the basic criteria for comparing an undeveloped country with a developed country?

Answer 1

the average or per capita income is the main criterion for comparing a developed country with an undeveloped country with an underdeveloped one. countries with per capita income of Rs. 4,53,000 per annum and above in 2004 are called high income countries and countries with per capita income of Rs. 37,000 or less are called low income countries