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State two characteristics of developed economies. - Economic Applications

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Question

State two characteristics of developed economies.

Short Answer
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Solution

  • In a developed economy, the per capita income is extremely high.
  • The people have a high quality of living.
  •  Natural resources are being completely used thanks to modern technology and skillful workers.
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Chapter 4: Types of Economies - QUESTIONS [Page 58]

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J. P. Goel and Kaushal Goel Economic Applications [English] Class 9 ICSE
Chapter 4 Types of Economies
QUESTIONS | Q 9. | Page 58
J. P. Goel and Kaushal Goel Economics [English] Class 9 ICSE
Chapter 4 Types of Economies
QUESTIONS | Q 9. | Page 71
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