CONCLUSION

Developed Nations can generally be categorized as countries that are more

industrialized and has a per capita income around or above $12000. In this point of
view, we choose Belgium as a Developed Nation. Belgium is among the world’s
developed countries and also their per capita income is around $50510. Developing
nations is a broad term that includes countries that are less industrialized and have
lower per capita income level. In this point of view, we choose India as a
Developing Nation. It is mostly based on agriculture. The per capita of India is
around $6664. Under-developed nations can generally be categorized as countries
that have poor industrialization and poor infrastructure system. These countries
have a per capital income around or below $500. In this point of view, we choose
Ethiopia as an Under-Developed Nation. Though Ethiopia has well-established
agricultural industry and emerging tourism, textile and mining industries, but it has
a per capita income around $570, which is considered it as an Under-Developed
Country.