•The main
characteristics of developed countries are as follows.
1.Significance of
Industrial Sector.
2.High Rate of Capital
Formation.
3.Use of High
Production Techniques and Skills.
4.Low Growth of
Population.
5.High Income levels
6.Better standard of
living and quality of life
Distinction
Between Developed and Underdeveloped
Economies
•On the basis of per
capita income.
•Capital Formation
•High rate of growth
of population
•Poverty and
unemployment, Underemployment
•Low output and Low
Standard of Living
• predominance of
Agriculture
•Low productivity
Technology 
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