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Question

Developed economies are ___________ economies.


A
Unindustrialised
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B
Industrialised
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C
Both A and B
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D
None of these
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Solution

The correct option is A. Industrialized
Developed economies are Industrialized economies. It has a developed economy and advanced technological infrastructure. Developed countries have post industrial-economies, the service sector provides more wealth than the industrial sector. All important industries are found in these economies. Contribution of industrial sector to the gross national product is fairly high in these economies.


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