Explain the characteristics of the under developed economies?

Q: Briefly discuss the main economic problems.

A: An economy is a region where products and services are produced, traded, distributed, and consumed.…

Q: Distinguish between industrially Advanced countries and Developing countries. Give examples

A: Those countries whose rate of industrialization and per capita income is high is known as…

Q: ow could sustainable development contribute to economic progress in developing countries

A: Developing countries are defined by a variety of economic and social factors. They are often known…

Q: What have  been the ingredients for economic growth and development that China and India share?…

A: The economic growth level of a country is the level of GDP growth in the country. The level of GDP…

Q: Is sustainable development a practical and feasible goal for nations? What might be some of the…

A: Sustainable development refers to the idea that societies must survive and meet their needs…

Q: Give two areas economists focus on when judging ‘economic development’.

A: Economic development is basically the long term aspect of rising growth, resources allocation,…

Q: Political economists have offered a range of explanations of economic and human development. These…

A: A developed nation, also known as an industrialized country, has a sophisticated and mature economy,…

Q: Why are labor standards and working conditions lower in developing nations of the world rather than…

A: Developing nations means that a nation has less industrial base as well as less education, less…