4
similarities between developed and
developing countries

The countries which are facing the beginning of industrialization are called Developing Countries. Developed Countries have a high per capita income and GDP as compared to Developing Countries. In Developed Countries the literacy rate is high, but in Developing Countries illiteracy rate is high.

Developed nations are generally categorized as countries that are more industrialized and have higher per capita income levels. Developing nations are generally categorized as countries that are less industrialized and have lower per capita income levels.

One may also ask, what are the similarities between economic growth and development? Economic growth refers to an increase over time in a country`s real output of goods and services (GNP) or real output per capita income. Development relates to growth of human capital indexes, a decrease in inequality figures, and structural changes that improve the general population's quality of life.

i.

answer; human capital;

answer; paraphrasing;