Question

How are developed nations and developing nations similar? (5 points)

Answer 1

Developed nations are generally categorized as countries that are more industrialized and have higher per capita income levels. Developing nations are generally categorized as countries that are less industrialized and have lower per capita income levels.

Step-by-step explanation:

Answer 2

When we compare developed and developing nations, the most obvious point of comparison is the fact that developed nations are more advanced economically and technologically than developing nations. However, both types of countries share some similarities. Developing nations have many of the things that developed nations have, including a good financial system, a system of taxation, laws that apply equally to all people, basic infrastructure and a significant working population. Moreover, developing nations are expected to continue growing until they reach the level of developed nations.