what is backward economy
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the back word economy charactrised by
low level of living standared
highh birth and mortality
low level of literacy
etc....
low level of living standared
highh birth and mortality
low level of literacy
etc....
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2
Explanation:
An economy is the large set of inter-related production and consumption activities that aid in determining how scarce resources are allocated. In an economy, the production and consumption of goods and services are used to fulfill the needs of those living and operating within it.
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