Another major feature of an advanced economy that differentiates it from a developing economy is the amount

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Another major feature of an advanced economy that differentiates it from a developing economy is the amount of capital available for producing goods and services. The differences begin with the basic transportation systems. In the advanced economies, a well-developed highway system connects all the major cities and points of production. Open a map app on your phone. Contrast the U.S. interstate highway system in Texas with the sparse highways of Mexico. You would see a similar contrast if you swiped across the Atlantic Ocean and checked out the highway structures in Western Europe and Africa.

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Foundations Of Microeconomics

ISBN: 9780134491981

8th Edition

Authors: Robin Bade, Michael Parkin

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