What makes a country more developed than other country?

What makes a country more developed than other country?

Economic factors – some countries have very high levels of debt . Natural resources – some countries have an abundance of raw materials such as oil or precious minerals. These can be sold and the money invested into developing the country.

What defines a developing country?

noun. a country having a standard of living or level of industrial production well below that possible with financial or technical aid; a country that is not yet highly industrialized.

What are two characteristics of a less developed country?

Characteristics of a less developed economy

• high birth rate,
• relatively high death rate and.
• a low life expectancy.
• high population growth.
• High dependency ratio.
• Low GDP per capita.
• Lower proportion of population is enrolled in education.
• Low level of living standard.

What are some examples of more developed countries?

Major Developed Countries

• The United States of America.
• Canada.
• The United Kingdom.
• Germany.
• Japan.
• Italy.
• France.

What are three characteristics of a developing country?

The Three Major characteristics of developing countries are – Low per capita real income. High population growth rate/size. High rates of unemployment.

• Low per capita real income.
• High population growth rate/size.
• High rates of unemployment.

What are characteristics of less developed countries?

What is the difference between developed and developing nations?

Difference between Developed and Developing Countries. Key difference: A country is deemed to be developing or developed mainly on the basis of economics, per capita income, industrialization, literacy rate, living standards etc. A developed country has a highly developed economy and advanced technological infrastructure relative…

Which countries are developing countries?

Top 10 Countries by GDP (PPP)

What is the difference between developed and developing?

Difference Between Developed and Developing Countries. 1.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.The citizens of a developed country enjoy a free, healthy,…

What is the fastest developing country?

The small Central American country is among the fastest developing countries in the world. Costa Rica is ranked 12th when it comes to the happiest countries in the world and this attributed to improved standards of living in the country.