Final answer:
Low-income countries may have low personal income levels but can still have varying levels of industrialization and national income. Industrialized economies, however, tend to have high national income and personal income levels.
Step-by-step explanation:
Low-income countries often have low levels of personal income, as the majority of the population earns little money. However, this does not mean that these countries have little industrialization. While it is true that they may have little industrialization compared to industrialized economies, developing countries are often characterized by ongoing industrialization efforts that aim to increase national income and improve their economic status.
For example, countries like China and India have experienced significant industrialization in recent years and have seen their national income levels rise. However, they still face challenges related to poverty and low personal income. On the other hand, industrialized economies generally have high levels of national income and greater personal income due to their advanced industrial sectors.
Learn more about Characteristics of low-income countries and industrialized economies