Question

What is the meaning of developing economy?

Answer 1

Answer:

It is one where people have a lower standard of living and less developed industries than other countries...

Answer 2

$\huge\underline\mathfrak\color{red}Answer$

A developing economy also called a less developed economy or underdeveloped country is a nation with an underdeveloped industrial base, and a low Human Development Index (HDI) relative to other countries. ... Also, the general term less-developed economy should not be confused with the specific least developed country.

✦ɪɴᴄʀᴇᴀsᴇ ɪɴ ɴᴀᴛɪᴏɴᴀʟ ɪɴᴄᴏᴍᴇ.

✦ᴄʜᴀɴɢᴇs ɪɴ ᴄᴏᴍᴘᴏsɪᴛɪᴏɴ ᴏғ ɴᴀᴛɪᴏɴᴀʟ ɪɴᴄᴏᴍᴇ.

✦ᴜᴘᴡᴀʀᴅ ᴛʀᴇɴᴅ ɪɴ ᴏᴜᴛᴘᴜᴛ.

✦ᴅᴇᴠᴇʟᴏᴘᴍᴇɴᴛ ᴏғ ᴀɢʀɪᴄᴜʟᴛᴜʀᴇ.

✦ᴄʜᴀɴɢᴇs ɪɴ ɪɴᴅᴜsᴛʀɪᴀʟ sᴄᴇɴᴀʀɪᴏ.

✦ɪɴᴄʀᴇᴀsᴇ ɪɴ ᴛʜᴇ ʀᴀᴛᴇ ᴏғ sᴀᴠɪɴɢ ᴀɴᴅ ɪɴᴠᴇsᴛᴍᴇɴᴛ.

✦ᴇxᴘᴀɴsɪᴏɴ ᴏғ ɪɴғʀᴀsᴛʀᴜᴄᴛᴜʀᴇ.

✦ᴅᴇᴠᴇʟᴏᴘᴍᴇɴᴛ ɪɴ sᴄɪᴇɴᴄᴇ ᴀɴᴅ ᴛᴇᴄʜɴᴏʟᴏɢʏ.

✦ᴘʀᴏɢʀᴇss ɪɴ ᴇᴅᴜᴄᴀᴛɪᴏɴᴀʟ ᴀɴᴅ ʜᴇᴀʟᴛʜ ғᴀᴄɪʟɪᴛɪᴇs