What are the main difference between developed and underdeveloped countries?
A developed country is a country that has a high level of industrialization and per capita income while a developing country is a country that is still in the early stages of industrial development and has a low per capita income. 2.
What are three differences between developed and undeveloped countries?
| Developed Countries | Developing Countries |
|---|---|
| Literacy rate is quite high due to better education system | Literacy rate is quite low as people are deprived of education facilities |
| Life expectancy rate is more due to better standard of living | The standard of living in developing countries is normally not very high |
What is the difference between developed and underdeveloped?
The economies that have high per capita income and support a high standard of living are referred to as developed economy and, on the other hand, economies that have low per capita income resulting in a low standard of living is referred to as underdeveloped economy.
What are the characteristics of developed and underdeveloped countries?
What are the characteristics and examples of developed and developing countries?
- Has a high income per capita. Developed countries have high per capita incomes each year.
- Security Is Guaranteed.
- Guaranteed Health.
- Low unemployment rate.
- Mastering Science and Technology.
- The level of exports is higher than imports.
What is the difference between developed and developing countries quizlet?
The difference between developed and developing countries is: Developed Countries have progressed further along the development continuum and they have very high development. Developing Countries have made some progress towards development less than developed countries.
What is an undeveloped nation?
An “underdeveloped country” is a country characterized by widespread chronic poverty and less economic development than other nations.
What characteristics describe developed nations?
A developed country—also called an industrialized country—has a mature and sophisticated economy, usually measured by gross domestic product (GDP) and/or average income per resident.
What means underdeveloped?
Definition of underdeveloped 1 : not normally or adequately developed underdeveloped muscles underdeveloped film. 2 : having a relatively low economic level of industrial production and standard of living (as from lack of capital) underdeveloped nations.
What makes a country underdeveloped?
Underdeveloped countries have very low per capita income, and many residents live in very poor conditions with little access to education or health care. Additionally, underdeveloped countries tend to rely upon obsolete methods of production and social organization.
What are the characteristics of underdeveloped countries?
Characteristics of Underdeveloped Economies
- Low Per Capita Income.
- Slow Growth Rate of Per Capita Income.
- Economic Inequalities.
- Low Level of Living.
- Low Rate of Capital Formation.
- Backward Techniques of Production.
- High Growth Rate of Population and Dependency Burden.
- Low Productivity of Labour.
What are developed and developing countries?
Low- and middle-income economies are usually referred to as developing economies, and the Upper Middle Income and the High Income are referred to as Developed Countries.
What is the relationship between development and underdevelopment?
Whilst development refers to the progression from the simple stage to complex stage, underdevelopment refers to the decline from the highest stage to lowest stage, from competitive to uncompetitive, from able to unable, from stability to instability and from goal focussing to less focusing (Bornschier, 1992).