What is a developing country?

Agriculture and raw materials represent only part of the economy of a developed country. Other sectors include manufacturing , banking and finance, and services such as hairdressing or plumbing. This vast economy results in a great variety of goods and services. There is no single test to determine what is a developing country.

What is development in sociology?

What is development? Development is any improvement in the standard of living of people in a specific country. It includes factors related to money, such as wealth, which we call economic factors and factors related to people, such as literacy, which we call social factors.

How does geography affect economic development?

Wealth also tends towards areas with natural resources or in areas that are involved in tertiary (service) industries and trade. This leads to a gathering of wealth around mines and monetary centres such as New York, London and Tokyo. Geography can also affect economic development in a number of ways.