Developed vs. Developing Nations

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GP

Szerző: Michelle Josephine

Circular flow of income in two three and four sector economies

Szerző: Siti Noreen

Geoffrey Chaucer

Szerző: francy condo

Classroom exercises

Szerző: Mindomo Team

There are several ways for a developing country to become a first world country. A good way would be to join the World Trade Federation.

Developed vs. Developing Nations Jesse Araiza

Developed Nation

There is a high average income per person in a given area.

The lower a population is, the more likely it is to be a first world country.

There is a lower percentage of unemployed people in developed countries, leading to more money being produced.

Schools are better funded and produce better taught students than developing countries.

The infrastructure of a developed nation is better equipped than those of developing nations.

Developing Nations

Per Capita Income

The low average income per person in a given area.

Population

With a higher population, the higher the chances are of a country being poor.

Unemployment

There is less money generated in countries with high unemployment.

Education

The schools, teachers, books, and programs, etc. are poorly funded.

Infrastructure

The system of public works is sub par in these countries.