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Characteristics of a developed country IGCSE Economics

Characteristics of a developed country IGCSE Economics Mind Map

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Characteristics of a developed country — quick explainer

Income, saving & investment

High income per head.
High level of saving.
High investment.

Demography & health

Low birth rate and low death rate.
Long life expectancy.
Low infant mortality rate.
High dependency ratio.

Labour & sector structure

High proportion of the labour force in the tertiary sector.
Low proportion in the primary sector.
High labour productivity.

Education

High level of literacy / education provision.

How it all connects

Higher incomes support saving and investment, funding better health and education.
Advanced economies shift towards the tertiary sector, with high productivity and improved demographic outcomes.

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