Write the difference between developed and less developed economy on the basis of the following: Population, Per Capita Income, savings, employment opportunities, rate of illiteracy.
Answers
Answer:
Developed economy is that economy in which per capita income of people is high, zero population growth rate, rate of illiteracy is low, and there are a lot of employment opportunities.
On the other hand vica versa.
Answer:
Developed -A developed economy is the one with sustained economic growth, security, high per capita income & advanced facilities. Countries with high levels of economic growth and security are considered as well developed country. (ex:-Sri Lanka )
Least/Less developed - Are low income countries, they are highly vulnerable to economic & environment shares and have very low levels of human assets. (ex:-Sudan, Bhutan)
Development of the country can be generally be determined by its per capita income .it is the average income. the countries which are more developed will have a better capita income, population and savings then compared to the least developed.
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