what is the criteria to term a country as a developed country? Give one word answer
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Answer:
gdp
Explanation:
One such criterion is income per capita; countries with high gross domestic product (GDP) per capita would thus be described as developed countries. Another economic criterion is industrialisation; countries in which the tertiary and quaternary sectors of industry dominate would thus be described as developed.
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sᴛᴀɴᴅᴀʀᴅ ᴄʀɪᴛᴇʀɪᴀ ғᴏʀ ᴇᴠᴀʟᴜᴀᴛɪɴɢ ᴀ ᴄᴏᴜɴᴛʀʏ's ʟᴇᴠᴇʟ ᴏғ ᴅᴇᴠᴇʟᴏᴘᴍᴇɴᴛ ᴀʀᴇ ɪɴᴄᴏᴍᴇ ᴘᴇʀ ᴄᴀᴘɪᴛᴀ ᴏʀ ᴘᴇʀ ᴄᴀᴘɪᴛᴀ ɢʀᴏss ᴅᴏᴍᴇsᴛɪᴄ ᴘʀᴏᴅᴜᴄᴛ, ᴛʜᴇ ʟᴇᴠᴇʟ ᴏғ ɪɴᴅᴜsᴛʀɪᴀʟɪᴢᴀᴛɪᴏɴ, ᴛʜᴇ ɢᴇɴᴇʀᴀʟ sᴛᴀɴᴅᴀʀᴅ ᴏғ ʟɪᴠɪɴɢ, ᴀɴᴅ ᴛʜᴇ ᴀᴍᴏᴜɴᴛ ᴏғ ᴛᴇᴄʜɴᴏʟᴏɢɪᴄᴀʟ ɪɴғʀᴀsᴛʀᴜᴄᴛᴜʀᴇ
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