Distinguish between a developed and under- developed or developing country.

A developed country is the one that is industrialised and has access lo modern technology. As per world Development Report 2006, brought out by the world Bank, the rich countries with per capita income of ₹ 4,53,000 per annum and above (2004) excluding countries of Middle East and certain other small countries are called rich and developed countries’ On the other hand, a developing or under-developed country is on the path of indristrialisation and has little access io modern technology Most of the working persons are engaged in agriculture and related traditional activities. The standing in developing countries is comparatively low and the people lack better quality of life. As per World Development report countries with per capita income of ₹37,000 or less are called low countries India’s per capita income in 2004 was ₹28,000 per annum so it was also a low income country.