Contrast the economic conditions you would most likely find in developing and developed economies. In a short paragraph, give two examples of conditions that are common in each type of economy.

Developing and developed countries experience different economic conditions. A developing country is less likely to be industrialized. Its citizens are more likely to be involved in subsistence agriculture in order to meet their own needs. Its economy is more likely to be a single-product economy. In contrast, developed economies are more likely to be highly industrialized. A developed economy is a diverse economy where many products are produced. Developed economies are more likely to have a strong infrastructure that supports trade.

Explanation:

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