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Developed economies are characterized by high income levels, advanced technological infrastructure, and a diverse industrial base, leading to a high standard of living and low poverty rates. In contrast, underdeveloped economies often face low income levels, limited access to education and healthcare, and a reliance on agriculture or raw materials, resulting in higher poverty rates and economic instability. Additionally, developed economies typically benefit from strong institutions and governance, while underdeveloped economies may struggle with political instability and weaker institutional frameworks.
What else can I help you with?
What type of country is most likely to find a traditional economy?
Under Developed
In which type of country is one most likely to find a traditional economy?
underdeveloped
How did the economy develop under the guidance of Alexander Hamillton?
Hamilton was part of the Federalist Era, and believed in using force against rebellion. Under Hamilton, the U.S. economy developed well as he helped America grow into an industrial power.
What is the Difference between developed and under developed countries in education?
It depends on the location in the country, the teachers, the supply of learning material in that area,if it is a private or government school, the education method the country has. It is hard to give specific differences. Not all the differences would apply to all the schools. Hope this helped.
Price system between capitalist economy and socialist economy?
Socialism has no money, no economy and no prices. Under capitalism, prices are essentially determined by the amount of labour involved in producing something (affected too by supply and demand, among other things).
What type of country is most likely to find a traditional economy?
Under Developed
What are stages of economic developmet?
There are three stages of economic development viz., under developed economy, developing economy, and developed economy. While many African countries are still regarded as underdeveloped economy, Indian economy has graduated to developing economy. US,UK,Canada, France,Sweden, Japan and now China have proudly scaled to developed economy.
In which type of country is one most likely to find a traditional economy?
underdeveloped
How did the economy develop under the guidance of Alexander Hamillton?
Hamilton was part of the Federalist Era, and believed in using force against rebellion. Under Hamilton, the U.S. economy developed well as he helped America grow into an industrial power.
What is the difference between a dishwasher built in an a dishwasher under the cabinet?
There really is no difference
What is difference between 17 and under 17 years old?
the difference between 17 and under 17 years old is that under means younger than 17 and 17 is just 17.
Is Zambia more or less developed?
Zambia was quite developed by the 1960's. Since Independence, government, particularly under Kaunda, has meddled with many industries and basically ruined the economy.
How other undeveloped countries uplift their economy through entrepreneurship?
how other under developed countries up lift theireconomy through entrepreneurship
What is the difference between the Marines and the Marine Corps?
There's no difference their both under the Department of the Navy.
What has the author R Nurkse written?
R. Nurkse has written: 'Problems of capital formation in under-developed countries' 'Equilibrium and growth in the world economy'
What is a summary of our economy under Spain?
our economy under Spain
What are the difference in stem positions when notes are placed on the third over the third or under the third lines of the staff?
the difference between the third and over the third or under the third line is that they are difference
