Important features of development1. Dominance of agricultural sector:Major source of income in case of undeveloped and developing economies is agriculture. A large section of population earns living through agriculture. Agriculture is the primary sector of these economies2. Small and large scale of production:Both the private and public sectors exist in the economy side by side. Goods are produced on large and also on small scale by public and private sectors.3. Production for self-consumption:A large amount of goods and services produced is consumed by the producers themselves. Majority of farmers grow props for their own consumption.4. Illiteracy:The important feature of developing economy is its illiteracy. Though efforts are made to eradicate illiteracy but there is still considerable illiteracy and unskilled labour.5. Under utilisation of resources:Developing economies have got significant amount of natural resources and large number of labour force. Due to lack of technical knowledge, natural resources are not discovered and fully utilised.6. Preference to labour intensive industries:Unemployment and underemployment are also the problems of developing economies, so small scale and cottage industries which absorb large number of hands are preferred.

When there is growth in everyone's per capita income it is called economic development

Common characteristics of developingcountries are low levels of living characterized by low income, inequality, poor health and inadequate education. -a general sense of malaise and hopelessness