Difference between Developed and Underdeveloped Economy

	BASIS	DEVELOPED ECONOMY	UNDERDEVELOPED ECONOMY
1	Per                  capita income	High i.e above $ 12,735 p.a, as per world development report 2016	low i.e less than $ 1046 p.a, as per world development report 2016
2	Population rate	The population growth rate is low	The population growth                       rate         is high
3	Dependency on agriculture	Dependency on agriculture is low however agriculture techniques are quite impressive	Dependency on agriculture is high and agriculture techniques are backward.
4	Unemployment	Less unemployment	High unemployment.
5	Capital market	Capital  market is developed	Capital    market    are                 NOT developed

6	STANDARD OF LIVING	HIGH	LOW
7	STATUS                      OF HUMAN CAPITAL	Human capital rate is high i.e humans are literate skilled and healthy	Human capital rate is low i.e humans are illiterate, unskilled and unhealthy
8	Distribution of income	Distribution of income is less unequal	Distribution     of   income    is                       highly unequal
9	Import                 and export	Finished products are more exported and agricultural products are more imported	Finished products are more imported and  agricultural products are more exported.
10	Capital formation	High	Low

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