Economy, asked by malimukesh7937, 1 year ago

What are the main features of underdeveloped economy?

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Answered by Anonymous

1

Answer:

However, there is a set of commoncharacteristics of underdeveloped economies such as low per capita income, low levels of living, high rate of population growth, illiteracy, technical backwardness, capital deficiency, dependence on backward agriculture, high level of unemployment, unfavourable institutions and so on.

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