Question

What are the verious feature change in indian economy as a developing economy?

Answer 1

Prevalence of low level of technology is one of the important characteristics of an underdeveloped economy like India. . Obsolete techniques of production are largely being applied in both the agricultural and industrial sectors of our country.

Answer 2

What is an Economy?

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The state of a country or region in terms of the production and consumption of goods and services and the supply of money.