Economy, asked by IshuBisht7901, 1 year ago

Why are countries with more income considered more developed than those of low income of 0?

Answers

Answered by lokeshlodha
0

the countries with more income considered more developed than those of low income of other because income is an indicator of economic development

Answered by pinky9366
2

when a country provides more income opportunities to its citizens eventually the GDP growth increases and also there is an improvement in the standard of living of the people . There is low unemployment rate and advanced infrastructure,techonological facilities are available the production, demand, marketing opportunities are boosting the national growth. So, such countries are considered to be more developed.

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