Question

Explain five features of developing economy.

Answer 1

Answer:

Common Characteristics of Developing Economies ;-

*Low per capital real income. Low per capital real income is one of the most defining characteristics of developing economies. ...

*High population growth rate/size. ...

*High rates of unemployment. ...

*Dependence on primary sector. ...

*Dependence on exports of primary commodities.

Explanation:

Answer 2

Answer:

Common Characteristics of Developing Economies ;-

*Low per capital real income. Low per capital real income is one of the most defining characteristics of developing economies. ...

*High population growth rate/size. ...

*High rates of unemployment. ...

*Dependence on primary sector. ...

*Dependence on exports of primary commodities.

Explanation: