Question

State five important features of Developing economy.

Answer 1

Answer:

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

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Explanation:

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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