Types of Economies
Types of Economies
Types of Economies
IS DE
VEL
OPE
D DE
VEL
OPI
NG
PE
RCAPI
TAI
NCOME Lev
elofperc
apitai
ncomeis L
eve
l ofperc
apit
aincomeis
hi
gh,henc
estandar
dofli
vi
ng l
ow,hencest
andardofl
iv
ingi
s
i
shigh. l
ow.
I
NCI
DENCEOFPOVE
RTY I
nci
denc
eofpov
ert
yisl
ow Wi
des
pre
adpov
ert
y
OCCUPAT
ION I
ndus
tri
ala
nds
erv
ices
ect
ors Agr
icul
turei
sthema
in
oc
cupation.
T
ECHNOL
OGY Capit
ali
ntensi
vet e
chnique
s Ol
dandout
dat
edt
echni
ques
used,hi
ghlyadv
a nced us
ed.
te
chniquesofproducti
on.
PRODUCT
IVI
TY L
abourpr
oduc
ti
vi
tyi
shi
gh. L
abourpr
oduc
ti
vi
tyi
slow.
UT
ILI
SAT
IONOFRE
SOURCE
S Pr
ope
rut
il
is
ati
onofr
esour
ces Under
-ut
il
is
ati
onofr
esour
ces
.
POPUL
ATI
ON Popul
ati
ong
rowt
hisl
ow. Popul
ati
ong
rowt
hishi
gh.
DI
STRI
BUT
ION T
hegapbetweent
her
icha
nd Wide
rgapbetwee
nther
ich
t
hepoori
sles
s. andt
hepoor.
E
MPL
OYME
NT Peopl
ea r
eemployed.I
f Wide s
pre
adunemployment
.
unemploymentex
ist
s,i
twi
l
lbe Problemofunempl
oymenti
s
tempor
a r
y. chroni
c.
I
NFRAS
TRUCT
URE S
ubsta
nti
aldeve
lopme
ntof I
nade
qua
tei
nfr
ast
ruc
tur
e
i
nfr
ast
ruc
ture
.
HUMANCAPI
TAL Hi
ghlite
racyrat
io,bet
ter Lowli
terac
yrat
io,
inadequate
hea
lthands a
nit
a t
ionf
acil
i
tie
s. heal
thandsani
tat
ionfa
c i
l
iti
es.
Qual
ityofhumanc api
tal
is Qual
ityofhumancapi
tali
s
bet
ter. poor
.