Developing economies share some common characteristics while also exhibiting structural diversity: 1) They generally have low levels of living, productivity, and human development indicators like per capita income, GDP growth, HDI scores. 2) Population growth rates are higher in developing countries compared to developed nations, leading to larger youth and dependency burdens. 3) Many developing economies rely heavily on primary exports, agriculture, and raw materials with less emphasis on manufacturing, and are dependent on international trade and relations. 4) Imperfect markets, incomplete information, and lack of institutional and structural support also hinder development potential in these nations.