FEATURES OF AN UNDERDEVELOPED ECONOMY

The main features of characteristics or underdeveloped or less developed countries are as follows:

  1. Low income per head.
  2. Low level of technology.
  3. High birth and death rate.
  4. High degree of illiteracy
  5. Low level of savings and investments.
  6. Low rate of agricultural productivity
  7. High level of unemployment.
  8. Inadequate provision of basic entities
  9. High rate of population growth
  10. Political Instability
  11. Limited market or low demand for goods.
  12. Low level of standard of living
  13. Shortage of capital

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