Question

Which of these is a feature of an under-developed economy?

• A. Low Rate of Capital Formation
• B. High Growth Rate of Population
• C. Higher Percentage of Dependent Population
• D. All of the above

Answer 1

The correct option is D All of the above

Features of an under-developed economy are:

a) Low Rate of Capital Formation

b) High Growth Rate of Populationc) Higher Percentage of Dependent Population Underdeveloped countries can be referred to those countries which are backward economically. Overpopulation, income inequalities and under-employment- all prevails in the underdeveloped economy.