![]() A developed country's citizens enjoy a free and healthy existence.Ĭountries that are more industrialized and have higher per capita income levels. It not only measures the economic development and GDP of a country but also its education and life expectancy. The factors of production such as human and natural resources are fully utilized resulting in an increase in production and consumption which leads to a high level of per capita income.Ī country with a high Human Development Index (HDI) rating is considered a developed country. A developed country is one that has a high level of industrial development, bases its economy on technology and manufacturing instead of agriculture.
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