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What is the difference between a developed economy and a developing economy?
Wiki User
∙ 13y ago
Developed Economy -
1. Rate of unemployment is low
2. High Gross Domestic Product (GDP) per capita
3. Heavy emphasis on health
4. Heavy emphasis on education
5. Low Infant Mortality Rate (IMR)
6. High Per Capita Income
Developing Economy -
1. Rate of employment is low
2. Low Gross Domestic Product (GDP) per capita
3. Poor health care
4. Poor education
5. High Infant Mortality Rate (IMR)
6. Low or medium Per Capita Income.
Wiki User
∙ 13y ago
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What is the difference between developed nd developing countries?
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
What is a main difference between developed countries and developing countries?
The income level and standard of living
Is Russia a developing country?
No, Russia is a developed country. However, the economy is seen as part of the emerging one.
What is the difference between an industrial and a nonindustrial economy?
industrial economy:having many and highly developed industries non-industrial economy:not having many and highly developed industries the difference is simply an economy is more advance when it is industrialized
What is the difference between a barter and monetary economy?
what is the difference between barter economy and monetary economy ?
What is the difference between developed nd developing countries?
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
What is a main difference between developed countries and developing countries?
The income level and standard of living
What is the difference between Taiwan and china's economy?
taiwan's economy is already developed, china is still proving~
Is Russia a developing country?
No, Russia is a developed country. However, the economy is seen as part of the emerging one.
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.
Is Egypt's an developed or undeveloped economy?
Egypt is an undeveloped country and has NO strong economy.
What is the difference between an industrial and a nonindustrial economy?
industrial economy:having many and highly developed industries non-industrial economy:not having many and highly developed industries the difference is simply an economy is more advance when it is industrialized
Is Belize a developing county a developed or undeveloped county?
Belize is a developed country. Countries are described as developed countries when they have a developed economy, and an advanced technological infrastructure when compared to other developing nations.
Is the Vatican City's economy developed or developing?
The economy of the Vatican is developed. It is supported by donations from Catholics from around the world, from investments, from sale of religious items and souvenirs and from museum admissions.
What is the difference between a barter and monetary economy?
what is the difference between barter economy and monetary economy ?
Is Yemen a developed or developing country?
Yemen is a developing country and it's moving forward to improving its economy in the coming years.
What is the difference between developing and developed countries?
Developed Country: Industrialised countries that have a high economy and standard of living. Developing Country: A country that is poor and whose citizens are mostly agricultural workers; but want to become more advanced socially and economically.
