What is the difference between a developed country and a developing country?

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Explanation:

Developed countries have higher living standards and more stable and better economy with less poverty. People also make more money. Developing countries have lower standards of livng with an unstable economy with poverty. Also there tend to be more rural areas in developing

Developed nations are generally those countries that are more industrialized and have higher per capita income levels. Developing nations are generally those countries that are less industrialized and have lower per capita income levels.