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Salient Features of Underdeveloped Economy by Sai Ganesh D is a document available to read on EtoBox.
Underdeveloped economies are characterized by low per capita incomes, high levels of poverty, and a predominance of agriculture. They typically have high population growth rates and dependency ratios. Unemployment and underemployment tend to be chronic issues rather than cyclical. There are also significant inequalities in income and wealth distribution, scarcity of capital, and low levels of human development. Balance of payments issues often result in a need to borrow from international organizations.
- Author
- Sai Ganesh D
- Language
- EN