Developing economies are nations with lower income levels, less industrialization, and lower Human Development Index (HDI) scores compared to developed countries. These economies often rely on agriculture and raw materials, facing challenges such as poverty, limited access to education, and inadequate healthcare systems. Many developing economies are working towards growth by improving infrastructure, attracting foreign investment, and enhancing education. Organizations like the World Bank and International Monetary Fund provide support to help these countries achieve sustainable development and improve living standards for their populations.