Difference between developing countries and developed countries


A developed country has a high-level of industrial development, and the base of its economy is technology and manufacture, while a developing country bases its economy rather on agriculture. In a developed country, the factors of production (like natural resources) are fully utilized and leads to mass production and consumption, which results in high level of per capita income. In contrast, developing countries do not have the means and the resources for mass production and thus, for mass consumption, therefore, the per capita income in these countries is very low. Developing countries are also weak in industrialization. The infant mortality rate is high due to poor living conditions, shortages of medicines and because of the fact that the citizens of such a country know little about health.