Economy, asked by nidA7813, 9 months ago

Who can we decide a country is developed or not

Answers

Answered by sidhugunroop24
3
The first economic category is developed nations, which can generally be categorized as countries that are more industrialized and have higher per capita income levels. To be considered a developed nation, a country generally has a per capita income around or above $12,000.

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Answered by Anonymous
16

Answer:

Factors:

  • literacy rate above 90%, preferably 99%.
  • Per capita income based on PPP,above 25000 dollars per annum.
  • Good primary education and health care and decent secondary education.
  • Economically and politically liberal regimes governing the nation.

Summary: Development is a process and not a destination, but these are some basic criteria.

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