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| The World Bank: | UNDP |
| Per capita income is the base for comparison. | The UNDP publishes Human Development Report that measures the development of a country in terms of literacy, health and per capita income. |
| It is a narrow concept of development. | It is a broader concept of development. |
| Countries have been divided into three categories, i.e., the rich countries, the middle income countries and the poor countries. | According to that the countries are given Human Development Index (HDI )ranks. |
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Sia ? 4 years, 9 months ago
| BASIS FOR COMPARISON | DEVELOPED COUNTRIES | DEVELOPING COUNTRIES |
| Meaning | A country having an effective rate of industrialization and individual income is known as Developed Country. | Developing Country is a country which has a slow rate of industrialization and low per capita income. |
| Unemployment and Poverty | Low | High |
| Rates | Infant mortality rate, death rate and birth rate is low while the life expectancy rate is high. | High infant mortality rate, death rate and birth rate, along with low life expectancy rate. |
| Living conditions | Good | Moderate |
| Generates more revenue from | Industrial sector | Service sector |
| Growth | High industrial growth. | They rely on the developed countries for their growth. |
| Standard of living | High | Low |
| Distribution of Income | Equal | Unequal |
| Factors of Production | Effectively utilized | Ineffectively utilized |
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J Lacy Gloss Rapper 7 years, 10 months ago
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