Question

Write the features of developing economies.

Answer 1

ANSWER

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The features of developing economies are as follows :-

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1.In developing economies the per capita income is usually low as compared to developed economies.

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2.Rates of saving and investment are rising.

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3.The occupation sometimes changes to secondry or tertiary sectors.

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4.The contribution of the primary sector to country's national income declines and those of secondry and tertiary sectors tend to increase.

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5.Improvement in the standard of living of common people.

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6.Improvement in science and technologies.