The country which is succeeded to use the available resources fully for the production is called developed country. If the process of utilization of resources is going on for the production in the country then that country is called developing country. If the country is having resources but country has no power to use the resources for production that country is known as un-developed country. But now a days no country is undeveloped, therefore countries are classified only under two heads as developed and developing or underdeveloped country. The development of economy is depend-up on the entrepreneurship.