![]() ![]() ![]() They are contrasted with developing countries, which are in the process of industrialization, or undeveloped countries, which are pre-industrial and almost entirely agrarian. Developed countries have post-industrial economies, meaning the service sector provides more wealth than the industrial sector. Which criteria are to be used and which countries can be classified as being developed are subjects of debate. ![]() Most commonly, the criteria for evaluating the degree of economic development are gross domestic product (GDP), gross national product (GNP), the per capita income, level of industrialization, amount of widespread infrastructure and general standard of living. A developed country, industrialized country, or "more economically developed country" (MEDC), is a sovereign state that has a highly developed economy and advanced technological infrastructure relative to other less industrialized nations. ![]()
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