A developed country is more fully industrialised and has a high standard of living. Economic Growth A country can increase production if it increases the amount of resources used or makes better use of existing factors. A country lacks the machines or skilled labour needed to manufacture modern goods or services. A country lacks the technical knowledge. Workers are not prepared to accept specialisation and the division of labour.
Population growth is too rapid.
A country has too large a foreign debt. Disadvantages of Economic Growth Increased noise, congestion and pollution. Towns and cities may become overcrowded. Extra machines can be produced only by using resources currently involved in making consumer goods. A traditional way of life may be lost.