The basic characteristic of an underdeveloped economy is__________ .

Related MCQs

• According to R. Nurkse, the inducement to invest in the context of an underdeveloped economy is limited mainly by the:
• Which of the following is not an indicator of economically underdeveloped countries?
• Who formulated the theory of circular and cumulative causation which explains the perpetuation of underdevelopment through growing inequalities between developed and the underdeveloped countries?
• When an economy produces more output per capital the economy is said to be having:
• The rate of growth of an economy mainly depends upon ___________ .
• According to Lewis’s model, the dual economy grows only when __________ .
• The rate of growth of an economy mainly depends upon:
• By growth rate of an economy can be speeded up.
• Which among the following is a characteristic of underdevelopment?
• The basic logic behind the ‘big-push’ strategy of development is related to .