Question

Discuss any theree features of developing economy
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Answer 1

Did you mean: Discuss any three features of developing economy

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. ... The percentage of people in absolute poverty (the minimum income level) is high in developing countries.

Answer 2

Answer:

Following are the three features of developing economy —

(i) High per capita income. (ii) High HDI. (iii) Greater focus on economic growth rather than development.

Explanation:

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