All the countries are divided into three main categories.
- Developed Countries
- Developing Countries
- Non-Developed Countries
Developed Countries: The term Developed Countries is used to describe the countries that have a high level of development according to some criteria. That means they are rich and solvent. Like: U.S.A, Japan etc.
Developing Countries: A country having a standard of living or level of Industrial production well below that possible with financial or technical aid; a country that is not yet highly industrialized.Such as Bangladesh.
Non-Developed Countries: The least developed countries (LDCs) are a group of countries that have been classified by the UN as "least developed " in terms of their low gross national income (GNI), their weak human assets and their high degree of economic vulnerability. Like Kongo, Sudan etc.
Economic Activities in Bangladesh
Bangladesh is a developing country and it has developing economy. Though it has developing economy one-third of Bangladeshi people live in extreme poverty. Garment Industry and Grameen Bank play an important role to develop our economy. From Garment we are getting ready-made clothes, by exporting ready-made clothes we can earn foreign currency. Grameen Bank is giving micro credit (very small loan) to the poor people. So they can do any small business and can earn money.By this way they are developing our economy.
GDP(Gross Domestic Product) is the godfather of the indicator world.
GDP: The monetary value of all the finished goods and services produced within a country's borders in a specific time period. Though GDP is calculated on a annual basis.
The economy of Bangladesh is a market based economy.The country is classified as a next eleven emerging market and one of the frontier five. According to the recent opinion poll , Bangladesh has the second most capitalist population in the developing world.
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| Economic Activities in Bangladesh 2014 |
The economy of Bangladesh is a market based economy.The country is classified as a next eleven emerging market and one of the frontier five. According to the recent opinion poll , Bangladesh has the second most capitalist population in the developing world.
