Question

Every economy in the world has its own characteristics by which it is known or identified as developed or developing economy. In the light of this statement explain the following features of Indian economy:

1. Low level of per capital income and.

2. Low level of per capital income and. High level of capital formation.​

Answer 1

Answer:

Indian economy is termed as the developing economy of the world. It has some features like low per capita income; higher population below poverty line and ... and lower rate of capital formation, tagged it as a developing economy in the world. ... 2. Agriculture Based Economy: Agriculture and allied sectors provide around .A developed economy is one with sustained economic growth, ... characteristic of a developed country with a relatively high level of ... Standard criteria for evaluating a country's level of development are income per capita or per capita ... If per capita gross domestic product is high but a country has poor.

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Answer 2

Answer:

$answer = > Indian economy is termed as the developing economy of the world. It has some features like low per capita income; higher population below poverty line and ... and lower rate of capital formation, tagged it as a developing economy in the world. ...}$

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