Characteristics of Developed Country

A developed nation is the one that offers economic stability and a high standard of living to its citizens. The extent of development in a country directly depends on how its economic growth and stability. There are various parameters used to determine the development of a nation. These parameters include GDP, GNP, per capita income of the population, education, etc. Infant mortality rate, health services, and standard of living are other reliable factors to understand the growth of a nation. Many countries today continue to face economic backwardness. This is primarily because of faulty governance and improper industrialization.