Developed economies focus on services like technology and finance, while developing ones often rely on farming and basic manufacturing. Analyzing the types of businesses in an economy can help distinguish between developing and developed nations. This shows how advanced and diverse an economy is, a key factor in its development status.
Developed economies focus on services like technology and finance, while developing ones often rely on farming and basic manufacturing. Analyzing the types of businesses in an economy can help distinguish between developing and developed nations. This shows how advanced and diverse an economy is, a key factor in its development status.
Developed economies focus on services like technology and finance, while developing ones often rely on farming and basic manufacturing. Analyzing the types of businesses in an economy can help distinguish between developing and developed nations. This shows how advanced and diverse an economy is, a key factor in its development status.
How might the classification of business activity by sector be
used to tell the difference between a developing and a
developed economy? • Analyzing the types of businesses in an economy can help distinguish between developing and developed nations. Developed economies focus on services like technology and finance, while developing ones often rely on farming and basic manufacturing. This shows how advanced and diverse an economy is, a key factor in its development status.