Differentiate between developed economy and under developed economy
Answers
Answered by
2
Answer:
The term under development refers to that state of an economy where levels of living of masses are extremely low due to very low levels of per capital income resulting from low levels of productivity and high growth rates of population.
Explanation:
thank u . hope it will help you. plz mark my answer as brainliast
Answered by
0
Answer:
The financial infrastructure (banks, financial institutions etc.) are not well developed, and in most cases are in its infancy. The banking sector is primitive. Electronic transactions are either non existent or very limited in use.
Explanation:
Similar questions