Question

    Scarcity of capital, unemployment and technological

    backwardness are generally found in ________ economies.
    A Underdeveloped Correct Answer Incorrect Answer
    B Developed Correct Answer Incorrect Answer
    C Partly developed Correct Answer Incorrect Answer
    D Nordic Countries Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    An underdeveloped economy is characterised by state of deprivation of large proportion of population. Apart from that, other characteristics of an underdeveloped economy are low per capita income, a higher proportion of labour force involved in primary sector activities.

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