Generally an economy is considered underdeveloped if ___________________.
A
The standard of living of people is low and productivity is also considerably low
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B
Agriculture is the main occupation of the people and productivity in agriculture is quality low
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C
The production techniques are backward
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D
All of the above
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Solution
The correct option is D All of the above
Generally an economy is considered underdeveloped if:
a) The standard of living of people is low and productivity is also considerably low
b) Agriculture is the main occupation of the people and productivity in agriculture is quality low
c) The production techniques are backward Underdeveloped
countries can be referred to those countries which are backward
economically. Overpopulation, income inequalities and under-employment- all prevails in the underdeveloped economy.