Question
Differentiate between developed and developing countries.

Answer

Developing countries:
  • In developed countries most people are in regular salaried employment, majority are formally employed.
  • Whereas in developing countries majority is self-employed, few in regular salaried employment and many are in casual labour.
Developed countries:
  • In developed countries majority of people are in the service sector, followed by industry and less than 10% in agriculture sector.
  • In 1999-2000, In India, 60% were employed in primary sector (Agriculture and mining) 23% in tertiary sector (trade, transport, financial services) and 17% in secondary sector (Manufacturing, construction, and utility).

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