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Which of the following is a characteristic of an underdeveloped economy?
  • a)
    High per capita income
  • b)
    Equitable distribution of wealth and income
  • c)
    Predominance of industry over agriculture
  • d)
    High rate of population growth
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
Which of the following is a characteristic of an underdeveloped econom...
An underdeveloped economy is characterized by a high rate of population growth. This means that the population is increasing at a rapid pace, which can put pressure on resources and hinder economic development. India's population has been increasing at an alarmingly high rate, resulting in population explosion. This population growth can lead to a decline in per capita resources and productivity. It is important for underdeveloped economies to address population growth in order to achieve sustainable development.
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Which of the following is a characteristic of an underdeveloped economy?a)High per capita incomeb)Equitable distribution of wealth and incomec)Predominance of industry over agricultured)High rate of population growthCorrect answer is option 'D'. Can you explain this answer?
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