developed and underdeveloped economies.doc - Define developed and underdeveloped economies A developed economy is typically characteristic of a

developed and underdeveloped economies.doc - Define...

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Define developed and underdeveloped economies. A developed economy is typically characteristic of a developed country with a relatively high level of economic growth and security. Standard criteria for evaluating a country's level of development are income per capita or per capita gross domestic product, the level of industrialization, the general standard of living, and the amount of technological
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Unformatted text preview: infrastructure. For example, the USA and Australia Under developed refers to that state of an economy where levels of living of masses are extremely low due to very low levels of per capita income resulting from low levels of productivity and high growth rates of population. For example, Africa countries...
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  • Spring '16
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