An underdeveloped economy is characterized by

Related MCQs

• Which of the following denotes an underdeveloped economy?
• Who put forward the view that UDCs are characterized by vicious circle of poverty which keeps them around a low-income per capita equilibrium state?
• The rate of growth of an economy mainly depends upon:
• Rate of growth of an economy is measured in terms of:
• Harrod’s definition of rate of growth of an economy do not include
• Harrod argues that in an economy with constant capital-labour ratio, the ------------ can never be more than the natural rate of growth of output.