Comparing Countries' Economies - Sweden and India

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by LesCompean
Last updated 3 years ago

Discipline:
Social Studies
Subject:
Economics
Grade:
9

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Comparing Countries' Economies - Sweden and India

India is one of the countries that have a high proportion of people who are undernourished.&Sweden is one of the countries with the lowest proportion of people who are undernourished.

Compraing Countries:

There is a difference in the proportion of undernourished individuals between Inida and Sweden because their economies are very different. India is still a developing country and has to deal with many negative things such as poverty and corruption while Sweden is already a developed country.

Difference in undernourishment?

Sweden is a competitive mixed economy and has achieved a high standard of living under a mixed system of high-tech capitalism and extensive welfare benefits. Its economy is heavily oriented towards foreign trade. Their GDP per capita is $40,900 and the unemployment rate is 9.1% in the general population.

Sweden

CHARACTERS

India is developing into an open-market economy that mainly does traditional village farming and a multitude of services that make the major source of economic growth. Its GDP per capita is $5,900.The outlook of India's long term growth is somewhat positive, but it is one of the countries that suffer from the poverty, corruption, violence and discrimination against women and girls, etc.

India

EconomyComparison

India & Sweden


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