Easy access to various goods and services and a high standard of living are characteristics of which kind of economy?
A) Low income
B) Transitional
C) Developed
D) Emerging

Question

Quizplus · Accepted Answer

Developed economies are characterized by easy access to various goods and services and a high standard of living due to their advanced infrastructure, technology, and strong institutions. Emerging economies are still in the process of developing and improving their infrastructure and institutions, while transitional economies are in the process of transitioning from a planned to a market-based economy. Low-income economies are characterized by a low standard of living and limited access to goods and services.

Easy Access to Various Goods and Services and a High