Question

Consider the following statements, and choose the correct option regarding developing economies.

1 - Low per capita income

2 - Low population growth rate

3 - Dependence on industries

• A. Only 1
• B. 1 and 2
• C. 2 and 3
• D. 1, 2, and 3

Answer 1

The correct option is A Only 1

Developing economies are characterised by low per capita income due to low national income. Generally, they have a high population growth rate, which leads to overpopulation. The reason can be attributed to lack of healthcare services and less access to birth control measures. Developing economies are predominantly dependent on agriculture, which is the major source of employment in such countries.