what are the features of developing economy
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there are many features of v offering reconfirming
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(1) Less per capita Income: National income of developing countries is less, while population
growth rate is high. So, per capita income remains low. Because of less per capita income, living standard
of people is low.
(2) Population growth : Population growth mte is high in developing nations. Rate of population
growth is 2 % or more in these nations.
(3) Dependence on agriculture : Main occupation of the people of developing countries is
agriculture. More than 60% of the population is dependent on agriculture for employment. Contribution
of agriculture in national income of these nations i:s about 26 %.
Explanation:
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