1.

Developed countries have high living standards, a high GDP, high child
welfare, health care, excellent medical, transportation, communication,
and educational facilities, better housing and living conditions, industrial,
infrastructural, and technological advancement, higher per capita income,
higher life expectancy, and so on. These countries make more money
from the industrial sector than from the service sector because of their
post-industrial economies. Most developed nations have an HDI score of
0.8 or above, putting them in the top tier of human development. These
countries have stable governments, broad inexpensive education and
healthcare, high life expectancies and quality of life, and robust
economies that are rising. Purchasing power parities (PPPs) are currency
conversion rates that attempt to equalize the buying power of various
currencies by removing price discrepancies between nations. The basket
of goods and services is priced the same across nations; the only
difference is the size of the commodities in the basket. The standard or
large size is available in developed countries.
2. Developing countries are countries that are in the early stages of
economic growth and have a low per capita GDP. These countries are
classified as third-world countries. They are sometimes referred to as
developing countries. Developing countries rely on developed countries to
assist them in creating industries throughout the country. The country's
Human Development Index is poor (HDI). Purchasing power parities
(PPPs) are currency conversion rates that attempt to equalize the buying
power of various currencies by removing price discrepancies between
nations. The basket of goods and services is priced the same across
nations; the only difference is the size of the commodities in the basket.
The basket of goods in developing countries is lower in size.
3. Emerging market economies generally expand by 6% to 7% per year,
while those with a well-established economy report growth rates of less
than 3%. This is due to low labor expenses, which can promote
production and improve employment numbers. As a result, emerging
markets can boost their worldwide presence and exports to other nations.
However, they are subject to changes in currency, interest rates, and
inflation, such as changes in commodity pricing. Investment in developing
economies is riskier than investing in established ones, but more risk
equals larger profits, which draws investors.