Differentiate between developing economy and developed economy.

Answer»

Difference between developing economy and developed economy.

S. No.	Developing Economy	Developed Economy
1	In this, economic development is often slow.	Economic growth in this is rapid.
2	Levels of per capita income and national income are low.	Levels of per capita income and national income are very high.
3	Technically backward.	Technically advanced.
4	There is considerable dependence on agriculture.	The importance of industries and non- agricultural sectors is paramount.
5	Lack of efficient management of human resources and consumption is found.	Human resources are managed and consumed efficiently.

Discussion