India;
explain the basic characteristics of developed and developing countries;
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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.
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1. low per capita real income .
2. High population growth rate .
3. High rated of unemployment.
4. Dependence on primary sector
5. primary commodity export dependence
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