What are the features of underdevelopment?
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Some of the common characteristics of the underdeveloped economy are like low per capita income, economic inequalities, the slow growth rate of per capita, low-productivity labour and lower level of living, rudimentary techniques of production, low rate of capital formation, lack of resource utilization and similar ...
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What are the Important Features of India as an Underdeveloped ?
Explanation:
Low Income:
Predominance of Agriculture: .
Rapid Population Growth Rate and High Dependency Ratio:
Mass Poverty:
Unemployment and Underemployment:
Inequality:
Scarcity of Capital:
Low Level of human Development:
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