Can anyone explain the characteristics of developed economies?
Asked by ajay kumar
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1 Answer
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Developed economies have stable growth rate, employment rate and inflation rate. they have the following features, dominance of industrial sector, large scale production, supermacy of capital, Average income per capita of the population is generally high, Education level of high average population, Life expectancy of the population average height, Population growth rate per year is relatively small, The death rate per year is relatively small population, Life-style market economy, His wide and varied field, Economic activity in most industry sectors, as well as export commodities, The majority of the population lives in cities, Relativ...more
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