In a nutshell, a developed country has advanced industries, a strong economy, and high living standards, while a developing country is still working on building its industries, economy, and improving living conditions. It's like comparing a well-established city with modern amenities to a city that'اقرأ المزيد
In a nutshell, a developed country has advanced industries, a strong economy, and high living standards, while a developing country is still working on building its industries, economy, and improving living conditions. It’s like comparing a well-established city with modern amenities to a city that’s still growing and working towards similar comforts.
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businesses and individuals make most economic decisions, like what to produce and how much to charge. It's like a marketplace where supply and demand rule. On the other hand, in a mixed economy, the government and individuals both play a role. Some things, like defense or education, are handled by tاقرأ المزيد
businesses and individuals make most economic decisions, like what to produce and how much to charge. It’s like a marketplace where supply and demand rule.
On the other hand, in a mixed economy, the government and individuals both play a role. Some things, like defense or education, are handled by the government, while businesses operate freely in other areas. It’s a bit like having a mix of private and public ingredients in the economic recipe.
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