Answer to Question #317393 in Macroeconomics for Siwe

Question

what are the most important ways in which developing countries may differ in their economic, social and political structures

Answer 1

Developing countries may differ in many ways from developed countries. The economic structures in developing countries have slow returns and most deal with the primary sectors such as agriculture, unlike in developed countries which have increasing returns economic structures. Regarding political structures, most developing countries have unstable political systems which hinder growth unlike developed nations which have stable and organized political systems. The social structures of a developing nation are less developed when compared to those of developed nations.