Features of a Developed Economy

  • High National Income
  • High per Capita Income
  • High Standard of Living
  • Full Employment of Resources
  • Dominance of Industrial Sector
  • High Level of Technology
  • High Industrialization
  • High Consumption Level
  • High Level of Urbanization
  • Smooth Economic Growth
  • Social Equity, Gender Equality and Low levels of Poverty
  • Political Stability and Good Governance

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