Higher incomes are one of the indicators that show the increase in living standards, but however there are many other things that contribute to the increase in people's living standards who live in a place. One of the main reasons for the standard of living is related to education because education is the key to a high standard of living in a community. With the help of education, workers will be more productive and the ability of individuals to enjoy a better and luxurious life will also increase. The other big reason for a better standard of living is job or work somewhere, getting a job and working somewhere will provide you with a high income and you can also gain a lot of skills and development. These collective works, obtaining jobs and increasing income will apparently contribute to the overall ability of several people to contribute to the system of a better standard of living of the entire society. Only the rich people of the society have the opportunity to contribute due to their high income level, while the poor part of the society with their low income cannot contribute to the well-being of the society because they do not have enough income to purchase quality goods and services. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an Original Essay Developing countries are usually those countries that have a poor and low standard of living. The example of some developing countries in Asia are Afghanistan, Bangladesh, India and Pakistan, Sri Lanka etc., people in these countries live with very poor living standards. Developing countries typically have very low gross national product and gross national income per capita. These countries are in the slow process of development and basically these countries depend on the agricultural sector and their economic backbone is in agriculture, contributing the majority of the share of their gross national income. These countries have recently embarked on the industrialization sector to boost their economy, but it will take a few decades before they reach the stage of being or being observed as developed nations or first world countries. The World Bank ranks countries based on their gross development income. There are three groups of countries referred to as 1st world countries (developed countries), 2nd world countries (developing countries) and 3rd world countries as developing countries or these are classified as low income countries , middle income and high income. Most of the countries in the world fall into the low income group and are third world countries and middle income groups, only a few countries fall into the high income group. To better understand the standard of living of developing countries, it is important to understand that in this modern era of technologies this planet is becoming more and more globalized every day. With the help of this globalization all countries become more integrated with each other in terms of economic, cultural and social factors. The current system of globalization consists of free trade, which means that countries can exchange their goods and services from one place to another, export and import of goods and services take place among many countries. As a result, the people of different democratic countries, with the help of elections, try to elect leaders who have the ability to make effective and effective decisions in office for the best interest of their people. Thanks to this free trade, low-income countries can also become self-sufficient over time. Developing countries will do their best to use the most efficient resources for the economy and all those countries involved in free trade.