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What is Definition and Criteria of Developed Countries about?
A developed country is defined as a sovereign state with a high quality of life, advanced economy, and technological infrastructure compared to less industrialized nations. Criteria used to evaluate economic development include GDP, GNP, per capita income, industrialization level, infrastructure, and standard of living. Developed countries tend to have post-industrial economies where the service sector provides more wealth than the industrial sector, in contrast with developing countries that are still indu
- Author
- Manish Kumar
- Language
- EN