developed country meaning | BTCC Knowledge

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What makes a country a developed country?

A developed country is a sovereign state with high industrial and Human Development Index compared to other countries. It must also have a technologically advanced infrastructure, and its economy must be highly developed. It is also referred to as industrialized country or more developed country.

What is a developed economy?

A developed economy is typically characteristic of a developed country with a relatively high level of economic growth and security.

What are developed countries?

Developed countries are also known as First World countries, industrialized nations, advanced economies, and more economically advanced countries. Source for information on Developed Countries: Everyday Finance: Economics, Personal Money Management, and Entrepreneurship dictionary.

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