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In: Mechanical Engineering

What is your understanding on developed, developing and under develop country? Give an example of each...

What is your understanding on developed, developing and under develop country? Give
an example of each type of the country.

Solutions

Expert Solution

Generally, two broad criteria are used to measure a country's development - It's economic strength measured in terms of Gross Domestic Produce ( GDP ) , Per Capita Income ( PCI ) and Purchasing Power Parity (PPP ) as well as its Human Development Index ( HDI ), in terms of welfare measures ( Senior Citizens, homeless people, out of work people ), medical facilities, education infrastructure and so on.

GDP per capita below US $ 1,000.- Underdeveloped countries. Example: chad

GDP per capita above US $ 20,000 - Developedcountries. Example:germany

A developed country is a sovereign state that has a highly developed economy and advanced technological infrastructure relative to other less industrialized nations

GDP per capita between US $ 1000- $20,000- Developing countries.example:india

A developing country has lower levels of development than developed countries but higher levels of development than the least developed countries in which the majority of the population live in extremely poor conditions

samet mamat answered 4 months ago
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