Which characteristics describe developed nations? select all that apply. modern technology low literacy rates traditional economy high standard of living subsistence agriculture revolutionary government

modern technology: developed economies invest in scientific research and technology. This increases the productivity of the economy and makes life easier for citizens.

traditional economy: the developed nations usually adopt the market economy, where price competition is stimulated, this makes the most efficient companies survive.

high standard of living: because they are developed, these economies usually have a much higher standard of living than developing countries. This can be perceived through comparative indices such as the HDI and GDP per capita.

the american revolution led to the creation of a democratic republic,is the correct answer;

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