Question

what are the features of economic development​

Answer 1

Common Characteristics of Developing Economies

• Low Per Capita Real Income. Low per capita real income is one of the most defining characteristics of developing economies.
• High Population Growth Rate.
• High Rates of Unemployment.
• Dependence on Primary Sector.
• Dependence on Exports of Primary Commodities.

Answer 2

Answer:

The study of economic development is one of the latest and most enterprising branches of economics. It came into lime light after the Great Depression and Second World War.