We explain what is a developed country? with definition, examples and characteristics. Developed countries are those that have a high per capita income, a longer life expectancy, a higher standard of living and other facts that point to a better quality of life for a person. Developed countries are said to be economically advanced compared to other countries and they are also known by other names like first world countries, advanced economies, industrialized nations, etc. These countries have a good infrastructure and a stable economy. Industrialization, development and most of its citizens have a high standard of living found in these countries. developed country
These developed countries have a few things in common. For example, they are all industrialized. It means that these nations are technologically advanced and their economy is based on manufacturing. They have a free market economy. Its market works according to the law of supply and demand, that is, the prices of goods and services are determined based on the needs of customers and the availability of those goods and services in the market.
Components such as Democratic Political Institutions and the lowest level of corruption are considered an essential part of a developed country.developed country
Examples from developed countries
Here are some of the examples from developing countries.
- The Netherlands
- Hong Kong, China developed country
Characteristics of developed countries
1. High per capita income
Every year, developed countries have high per capita incomes. This means that people earn enough income to be able to spend, invest or save. This increases the economic value of a country. Therefore, it translates into a lower level of poverty.
2. Good health care developed country
Developed countries guarantee good sanitary facilities for their citizens. They guarantee hospital availability and trained and reliable medical personnel. This results in a low mortality rate and a high life expectancy rate of the population. Also, in developed countries, population development can be intelligently controlled.
3. High security developed country
Compared to developing countries, developed countries provide greater security. Because developed countries have sophisticated and advanced technology, it is necessary to develop better security facilities and weapons technology in the country.
4. Low unemployment rate developed country
In developed countries, all their citizens have a source of income. Therefore, there is a relatively lower unemployment rate in these countries.
5. More exports, less imports
Due to superior technology and human resources, developing countries export higher levels than imports.
6. Advanced science and technology
Citizens of developed countries know and dominate the area of technology and science. So new useful devices like industrial pendant lights are introduced in its market. Therefore, in their daily life, they mainly use modern tools and advanced technology to make their lives easier. developed country