Developing countries are generally characterized by lower levels of economic development compared to developed nations. This often translates to lower average incomes (per capita income), a higher dependency ratio and strain on resources due to a large and growing population, and a lack of sufficient capital for investment and industrialization.
Characteristics of a developing country are :-
Asked in Assistant Engineer (AE) Exam 2013 · Topic: Nature of Indian Economy (Developing Economy Characteristics)
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