What characterizes developing economies check all that apply a growing industrial economy?

What characterizes developing economies check all that apply a growing industrial economy?

Explanation: What characterizes a developing economy is the rapid pace of GDP and improved social indicators such as rising living standards and the rise of the middle class. GDP will be accelerated as production in the country increases.

What characterizes developing economies check all?

A developing economy is characterized by the high consumption of natural resources for the development of its industrial matrix. Each developing country has a productive structure, some, like Brazil, also has a focus on agricultural activity.

What characterizes developing countries?

Developing countries are, in general, countries that have not achieved a significant degree of industrialization relative to their populations, and have, in most cases, a medium to low standard of living. There is an association between low income and high population growth.

Why might developed economies want to outsource manufacturing and other jobs to developing economies developed economies can find more inexpensive labor in developing economies developed economies are responsible for helping developing economies progress developed economies focus only on service not?

Developed economies can find more inexpensive labor in developing economies. Developed economies focus only on service, not manufacturing, so they must outsource. Developing economies produce higher-quality goods, so it makes sense to outsource.

What do you mean by developed economy?

Countries with relatively high levels of economic growth and security are considered to have developed economies. If per capita gross domestic product is high but a country has poor infrastructure and income inequality, it would not be considered a developed economy.

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What is the features of developed economy?

The main features of developed economies are: Have a high level of per capita income or output. The people enjoy a higher quality standard of living. Contribution of industrial and service sectors are very high.


Canada was named the best country in the world for the high quality of life and social function. It was also rated top in terms of the job market, human rights, and dedication towards social justice.

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