ECONOMICS
ECONOMIC DEVELOPMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
The difference from when a country was undeveloped to where they are now in development terms.
|
|
|
The distance in kilometers from a developed country to an undeveloped country
|
|
|
MEDC-NIC-LEDC
|
|
|
Debt owed by poor countries and trade they want to improve to richer countries.
|
|
|
The difference in development between developed countries and less developed countries
|
Detailed explanation-1: -Key Differences Between Developed and Developing Countries In Developed Countries the literacy rate is high, but in Developing Countries illiteracy rate is high. Developed Countries have good infrastructure and a better environment in terms of health and safety, which are absent in Developing Countries.
Detailed explanation-2: -Developed countries are those that have a high level of industrialization, with an advanced economy and a high standard of living. Underdeveloped countries are those with low levels of industrialization, low standards of living and poor economies.
Detailed explanation-3: -The gap is generally caused by rich countries being able to exploit the poorer countries as they have the dominant political power to be able to do so. As a result, the poorer countries suffer from lack of resources and spiral into poverty cycles which widen the development gap.