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neither, it is stagnant

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Features of a developing country?

Developing countries are mostly those which have moderate per capita income, standard of living is low and not much industrialized.


What is the difference between a developing and a developed country?

A developing country is a country that is still not fully industrialized. Developing countries often have economic difficulties and are still trying to establish a number of industries. Developed countries are fully industrialized and can cope with many disasters on their own.


What country's average per capita income is only a fraction of that in more industrialized countries?

developing country


Which economist proposed that the Least Industrialized Nations were held back from developing a more productive economy by a culture of poverty?

John Kenneth Galbraith


What is the difference between an industrialized country and a third world country?

Generally speaking the term "third world country" has been replaced in economic parlance as a "developing country". Developing can mean increasing agriculture production to help feed its people or even having some type of farm product available for export. In the case of developing nations we may normally see efforts of some people to relocate to wealthier nations. Once again, in general terms a developing nation is a poor nation. An industrialized nation has factories to produce products for internal use and for export. Generally speaking, if a nation has developed an industrial base it also has farmlands. Normally an industrialized nation has a majority of its population above the poverty level.