Question

Which of these is not a feature of an under-developed economy?

• A. High Standard of Living of People
• B. Higher percentage of dependent Population
• C. Low Rate of Capital Formation
• D. Low Productivity of Labour

Answer 1

Answer: (A)

High Standard of Living of People

High standard of living is not feature of an underdeveloped economy. Underdeveloped countries can be referred to those countries which are backward economically. Overpopulation, income inequalities and under-employment- all prevails in the underdeveloped economy.