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DEVELOPED NATIONS |
DEVELOPING NATIONS |
| Developed countries are high income countries. | Developing countries are low income countries. |
| In developed countries the secondary and tertiary sectors are predominant. | In developing countries the primary sector is predominant |
| In developed countries population in secondary and tertiary sectors is greater than the primary sector. | In developing countries population in the primary sector is greater than secondary and tertiary sectors. |
| In developed countries contribution of the secondary and tertiary sectors to national income is greater than the primary sector. | In developing countries contribution of the secondary and tertiary sectors to national income is lesser than the primary sector |
| Developed countries are urban based economies. | Developing countries are rural based economies |
| Developed countries have a high per capita income and standard of living. | Developing countries have a lower per capita income and standard of living. |
| Developed countries have high capital formation. | Developing countries have low capital formation. |
| Developed countries have greater literacy and life expectancy. | Developing countries have lower literacy and life expectancy. |
| Developed countries have more of relative poverty. | Developed countries have more of both absolute and relative poverty. |
| Developed countries have less of unemployment. | Developed countries have more of unemployment. |
| Exports mainly consist of finished products and imports consist of raw materials. | Exports mainly consist of raw materials and imports consist of finished products. |
| Developed countries use advanced and modern techniques of production and therefore profits are high. | Developing countries use outdated and traditional techniques of production and therefore profits be low |
| They try to maintain a high level of economic development achieved. | They try to achieve a high level of economic. |
| Quality of life and population in superior. | Quality of life and population in lower |
| They are industrialized and advanced economies | They are mainly agricultural economies |
| Eg USA, UK etc | Eg India |
