An underdeveloped economy is generally characterized by ____________.

high ratio of commercial farming to subsistence farming

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high ratio of industrial output to total output

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high utilization of existing capital in the economy

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coexistence of underutilized labour with unexploited national and other resources

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Solution

The correct option is D coexistence of underutilized labour with unexploited national and other resources
An underdeveloped economy is generally characterized by coexistence of underutilized labour with unexploited national and other resources. Underdeveloped countries can be referred to those countries which are backward economically. Overpopulation, income inequalities and under-employment- all prevails in the underdeveloped economy.

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