Question

Describe two characteristics of a developing economy. ​

Answer 1

Answer:

Low Per Capita Real Income

Low per capita real income is one of the most defining characteristics of developing economies. They suffer from low per capita real income level, which results in low savings and low investments. It means the average person doesn't earn enough money to invest or save money.

Explanation:

hope you appreciate this ans

Answer 2

Answer:

Two characteristic of a developing economy are:

1. Low per capital real income.

2.High population growth rate.