3. DEVELOPED
COUNTRY
A developed nation is one that has a
very high rank in industrial
advancements, construct its
economy in innovation in
assembling rather then agribusiness.
A nation with more Human
Development Index is viewed as a
developed nation.
It is not only a measures of
economic development and
improved GDP.
4. REASONS
WHY
⢠Form of government (democracy)
⢠Free market economy
⢠Lack of corruption
⢠More dependent on manufacturing than
agriculture
⢠Prevalent technology
6. DEVELOPING
COUNTRY
⢠A nation that is not yet industrialized.
⢠A country having less utilization of resources.
⢠Low Per Capita Income leads towards low
GDP.
⢠Economy mostly depends upon Agricultural
Sector
7. DEVELOPING
COUNTRY
⢠Country with low standard of living
⢠Also Called Third World Countries
⢠Undeveloped industry
⢠Lack modern technology
⢠Low levels
Education
Healthcare
Life expectancy