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The common characteristics of developed countries are first, the rule of law; second, property rights; third, a good health and education system; fourth, a good transportation system; fifth, a modern tax system; and sixth, credit availability.

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14y ago
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11y ago

-high income per capita

-high human development index (HDI)

-high gross domestic product (GDP) per capita

-more energy consumption

-produce and trade more consumer goods

-higher literacy rate

-longer life expectancy

-lower Infant Mortality Rate

-infrastructure

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11y ago

Characteristics of Developed Economy are given below:

  1. High per capita income.
  2. High standard of living.
  3. Low incidence of poverty.
  4. Less inequalities.
  5. Large proportion of labour force depends on manufacturing and service sectors.
  6. Higher contribution of industrial and service sectors in National Income.
  7. Low rate of population growth.
  8. Low level of unemployment.
  9. High rate of saving and capital formation.
  10. Substantial infrastructural facilities.
  11. Use of modern and advanced techniques of production.
  12. Better quality of human capital, higher literacy ratio, higher education level, adequate availability of health and sanitation facilities.
  13. Exports of largely industrial products.
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12y ago

Low total fertility rate

Higher ecological footprint

Less net primary productivity

Higher annual income

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12y ago

Yes.

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Q: What are characteristics of developed and developing countries?
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Continue Learning about Economics

How does developed countries help the developing countries?

By selling their products to developing countries.


List Developed developing countries?

Developed The U.S, Canada, Singapore, Japan, most European Countries Developing Many countries in Aisa, Africa, and Latin America


How do the economic effects of globalization on developing countries compare to the of developed countries?

Intergovernmental organizations have brought economic aid to developing countries, but have given developed countries more influence and control.


How do the economic effects of globalization on developing countries compare to those of developed countries'?

Intergovernmental organizations have brought economic aid to developing countries, but have given developed countries more influence and control.


How do the economic effects of globalization on developing countries compared to those developed countries?

Intergovernmental organizations have brought economic aid to developing countries, but have given developed countries more influence and control.

Related questions

What has the author Yacov Zahavi written?

Yacov Zahavi has written: 'Travel characteristics in cities of developing and developed countries'


Are core countries developing countries or developed countries?

They are developed countries that are industrialized.


How does developed countries help the developing countries?

By selling their products to developing countries.


Are most countries in Africa developed or developing?

Sudan is a developing country.


What countries are categorized as Developed Countries and under developed countries?

india & chine are developing country where as us and uk are developed country


List Developed developing countries?

Developed The U.S, Canada, Singapore, Japan, most European Countries Developing Many countries in Aisa, Africa, and Latin America


What do you notice about the population growth rate of the developing countries?

population growths in developing countries are higher than developed countries because developed countries have an increased income and prefer not to have children.


How do the economic effects of globalization on developing countries compare to the of developed countries?

Intergovernmental organizations have brought economic aid to developing countries, but have given developed countries more influence and control.


Is Belize a developing county a developed or undeveloped county?

Belize is a developed country. Countries are described as developed countries when they have a developed economy, and an advanced technological infrastructure when compared to other developing nations.


How do the economic. Effects of globalization on developing countries compare to those of developed countries?

Intergovernmental organizations have brought economic aid to developing countries, but have given developed countries more influence and control.


How do the economic effects of globalization on developing countries compare to those of developed countries'?

Intergovernmental organizations have brought economic aid to developing countries, but have given developed countries more influence and control.


How do the economic effects of globalization on developing countries compared to those developed countries?

Intergovernmental organizations have brought economic aid to developing countries, but have given developed countries more influence and control.