what is considered to be important feature of developing country??
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CHARACTERISTICS OF DEVELOPED AND DEVELOPING COUNTRIES (DEVELOPED COUNTRIES…
High per capita income.
Low incidence of poverty.
High standard of living.
Narrow income inequalities.
Low growth rate of population.
Low level of unemployment.
Infrastructural capabilities are present.
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Low per capita real income is one of the most defining characteristics of developing economies. They suffer from low per capita real income level, which results in low savings and low investments. The percentage of people in absolute poverty (the minimum income level) is high in developing countries.
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