Developing and developed country (Ethiopia)
USA
Freedom for its citizens.
The right to act however I choose—it also stands for securing to everyone an equal opportunity for life, liberty, and the pursuit of happiness.
You can drink water straight from the tap.
they have clean water to drink
High standard of living.
level of wealth, comfort, material goods and necessities available to a certain socioeconomic class
the basic physical and organizational structures and facilities
infrastructure
Low corruption
many activities including bribery and embezzlement
Afghanistan
High population growth rate/size
The increase in a population that occurs when the birth rate is higher than the death rate
High rates of unemployment
large seasonal variations. However, unemployment is a more complex problem requiring policies beyond traditional fixes.
Dependence on primary sector
Almost 75% of the population of low-income countries is rurally based
Dependence on exports of primary commodities
Since a significant portion of output originates from the primary sector, a large portion of exports is also from the primary sector
Low per capita real income
Low per capita real income is one of the most defining characteristics of developing economies.
