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In general, economic development is measured by GDP per capita, so an economically developed society would simply have a relatively high GDP per capita. This result implies development of key components of GDP, such as capital, labour, Natural Resources, infrastructure, education, healthcare, and transportation.

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Q: What are the requirements for an economically developed society?
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Related questions

What is a more economically developed country?

Simple, you just said it. More economically developed country is a more economically developed country.


Why is Romania a more economically developed country?

Romania is not a more economically developed country.


What area of Slovakia is least economically developed?

The east of the country is the least economically developed region of Slovakia.


What are medc and ledc?

LEDC=Less economically developed countriesie. Countries like Afric who dont have much moneyMEDC= More economically developed countriesCountries like America and England


Is Canada an ledc?

Nope, Canada is not an Less Economically Developed Country. It is classified as a More Economically Developed Country.


What is the difference between an less economically developed country and an more economically developed country?

difference between life expectancy in developed and underdeveloped countries


What are LEDC and MEDC countries?

LEDC = Less Economically Developed Country, for example: *Kenya *Pakistan *Afghanistan *India *Bangladesh MEDC = More Economically Developed Country, for example: *US *UK *Japan *South Africa


Is Brazil economically developed?

yes


Is Tokyo a Less Economically Developed country?

Tokyo is not a country. Tokyo is the capital city of Japan. It is a very highly developed city. So it is not a Less Economically Developed Country.


What is ledc?

LEDC means Less Economically Developed Countries. Those consist of mostly African and Asian countries. MEDC's are More Economically Developed Countries, consisting of European and North American countries.


What is the Difference between more economically developed country and less economically developed country?

It is the difference between the life expectancy and a more ecoonomically developed country is richer in terms of money, wealth etc. compared to a less economically developed country. A more economically developed country is where the most number of people live like Asia (about 40% live in china and india which are developing countries).


What does economically developed mean?

under construction