The income level and standard of living
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The income level and standard of living
Developing countries differ from developed countries in terms of their economic, social, and political development. Developing countries often face challenges such as poverty, inadequate infrastructure, limited access to education and healthcare, and political instability. These factors contribute to disparities in income, living standards, and overall quality of life between developing and developed nations.
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The income level and standard of living
the level of wealth
The income level and standard of living
Developed is past tense which means that it has already occurred, whereas developing is present (continuous) tense and refers something happening currently.With regard to world economies, the distinction is that developed countries have a higher level of production and per capita income than countries defined as developing (less developed).
May be related with potential to develop,some are in stages of developing while others are just a mile behind the success.
A developed countries means that their economy is developed ,more GDP , high living standard.a less developed country means that their is lack of lletracy less GDP and GNP
Developed is completed. Developing is in the process.