Developed countries are countries that are financially independent. The world consists of different types of countries depending on their financial status – developed countries are financially independent and they even support other countries in times of need, developing countries have the prospect to become a developed country and most of the time they are self sufficient, underdeveloped countries are generally dependant ondeveloped countries and developing countries and finally, least developed countries don’t have proper resources for their daily purpose itself. Developed countries help all the other countries to overcome their financial problems by way of helping them.

Characteristics of developed countries

There aren’t any specific characteristics of developed countries but there are certain common things that have been noticed in many of the developing countries and few of such characteristics are discussed below

Per capita income – Per capita income means the income that the country receives on every citizen; the per capita income of the country should be high enough so that the population’s standard of living is high and hence, the per capita income of developed countries is high.

Healthy and nourished – People from developed countries are healthy and nourished and hence, the need for medical help is very low. The people from developed countries are financially settled and hence, they take care of their health. The major problem with developing country is that they are under-nourished and most of them are poor.

Population growth – People from developed countries are well educated and hence, the population is also under control. They use various contraceptives to control child birth and they very well understand the disadvantages of excess childbirth.

Industrialization – the major source of income for developed countries is by way of industrialization. They have many industries and factories that contribute to the income of the country. They utilize the available resources to fulfill the need of developing and underdeveloped countries.

Information, policy and market – The information, policy and the market of developed countries are properly formulated with the help of proper rules and regulations. Everything in developed countries needs to be completed by way of proper legal laws, rules and regulations.

Dependency of developing countries on developed countries

It is a myth that developing countries are dependent on developed countries. It can be said that both the countries are dependent on each other for their betterment but developing countries are financially dependent on developed countries.

The resources like raw material, human resources, land and other things are comparatively cheaper in developing countries and hence, developed countries set up their business in these countries by investing money. The money, that is, being invested by developed countries is considered to be worth risking as it can be much higher if it has to be invested in any developed country due to the excess cost of manpower, raw material and land.

Developed countries are trying to help, not only the developing countries, but also underdeveloped countries and least developed countries so that people from those countries can also survive and at least earn their bread and butter. All the developed countries have been a developing country sometime back.