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17 September, 10:09

What are the characteristics of a developing economies?

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  1. 17 September, 12:53
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    Answer: High rates of unemployment, dependence on the primary sector, reliance on exports of primary commodities.

    Explanation:

    These are just some of the characteristics of developing economies. In developing countries, there is also a high poverty rate and generally low income from capital. For these countries, it is also possible to find the abbreviation LDC (Less developed country) or LEDC (Less economically developed country), which geographers use to say that the country is underdeveloped, which usually includes other factors of human development.
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