Developing vs. Developed Economies

Economy, or economics, is how people make and spend money in a culture. A culture with a strong economy that has a lot of money is called DEVELOPED, and a culture with a poor economy is called DEVELOPING.

Use the pictures below to draw conclusions about the differences between developing economies and developed economies. Talk with your table, then write three, 2-word descriptions about the developing economy pictures and the developed economy pictures on your notes.

Reflection

Using your observations from the stops, create definitions of a “developing economy” and a “developed economy.” Use the sentence starters and add in as many details as you can! ***Write at least 2-3 complete sentences. ***

Use the sentence stems below to help your writing.

A developing economy is an economy that

A developed economy is an economy that