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What is a characteristic of an underdeveloped economy resulting from technical backwardness?
- a)High rate of population growth
- b)Predominance of agriculture
- c)Unemployment and underemployment
- d)Deficiency of capital
Correct answer is option 'B'. Can you explain this answer?
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What is a characteristic of an underdeveloped economy resulting from t...
A characteristic of an underdeveloped economy resulting from technical backwardness is the predominance of agriculture. Technical backwardness refers to the absence of technological development and the continued use of old, outdated, and primitive methods of production. This hinders agricultural productivity and keeps the majority of the population dependent on agriculture. In underdeveloped countries, agriculture often remains unproductive and carried out in an old-fashioned way. It is important for underdeveloped economies to focus on technological advancement and modernization of methods in agriculture to improve productivity and reduce dependence on the sector.
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What is a characteristic of an underdeveloped economy resulting from technical backwardness?a)High rate of population growthb)Predominance of agriculturec)Unemployment and underemploymentd)Deficiency of capitalCorrect answer is option 'B'. Can you explain this answer?
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What is a characteristic of an underdeveloped economy resulting from technical backwardness?a)High rate of population growthb)Predominance of agriculturec)Unemployment and underemploymentd)Deficiency of capitalCorrect answer is option 'B'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What is a characteristic of an underdeveloped economy resulting from technical backwardness?a)High rate of population growthb)Predominance of agriculturec)Unemployment and underemploymentd)Deficiency of capitalCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is a characteristic of an underdeveloped economy resulting from technical backwardness?a)High rate of population growthb)Predominance of agriculturec)Unemployment and underemploymentd)Deficiency of capitalCorrect answer is option 'B'. Can you explain this answer?.
What is a characteristic of an underdeveloped economy resulting from technical backwardness?a)High rate of population growthb)Predominance of agriculturec)Unemployment and underemploymentd)Deficiency of capitalCorrect answer is option 'B'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What is a characteristic of an underdeveloped economy resulting from technical backwardness?a)High rate of population growthb)Predominance of agriculturec)Unemployment and underemploymentd)Deficiency of capitalCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is a characteristic of an underdeveloped economy resulting from technical backwardness?a)High rate of population growthb)Predominance of agriculturec)Unemployment and underemploymentd)Deficiency of capitalCorrect answer is option 'B'. Can you explain this answer?.
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