explain the feature of under developed economy
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However, there is a set of common characteristics of underdeveloped economies such as low per capita income, low levels of living, high rate of population growth, illiteracy, technical backwardness, capital deficiency, dependence on backward agriculture, high level of unemployment, unfavourable institutions and so on.
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such as low per capita income , low levels of , high rate of population growth, illiteracy, technical backwardness , agriculture, high level of unemployment, unfavourable institutions and so on.
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