How do you distinguish between developed and developing countries?
Similarly one may ask, what is the main difference between developed countries and developing countries answers?
The main difference is the state of industrialization and the developedness of the economy. Developed countries have post-industrial economies, meaning the service sector provides more wealth than the industrial sector.
Regarding this, what are the characteristics of developed and developing countries?
CHARACTERISTICS OF DEVELOPED AND DEVELOPING COUNTRIES (DEVELOPED COUNTRIES…
- High per capita income.
- Low incidence of poverty.
- High standard of living.
- Narrow income inequalities.
- Low growth rate of population.
- Low level of unemployment.
- Infrastructural capabilities are present.
One such criterion is income per capita; countries with high gross domestic product (GDP) per capita would thus be described as developed countries. Another economic criterion is industrialisation; countries in which the tertiary and quaternary sectors of industry dominate would thus be described as developed.