[alicimoo]

I have to do a paper on world economy for my history class which is...due tomorrow. T__T And I have no idea how to approach this. I'm not exactly sure how the economy works since I've learned anything about it. =/
Can someone explain to me what makes a developed economy (like the US) a developed economy? Like what are the characteristics of a developed economy, less developed economy, and an underdeveloped economy?

I hope someone can help me before it's too late. :[ Yea yea, I know it's my fault for laying it off until it's almost due.
Thanks you guys!

Nevermind, too late. =/ I ended up BSing some stuff. T_T

[edit]
I actually did quite well...xD