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  2. Topic
    Business
  3. Study Set
    Indian and Global Economic Development
  4. Exam
    Exam 1: Economic Growth and Development: Understanding Underdeveloped Economies, Balanced and Unbalanced Growth Strategies, and the Indian Economy
  5. Question
    An Underdeveloped Economy Is Characterized by
Solved

An Underdeveloped Economy Is Characterized by

Question 1

Question 1

Multiple Choice

An underdeveloped economy is characterized by


A) High per capita real income
B) Large proportion of labor force in the tertiary sector
C) State of deprivation of large proportion of population
D) All the above

Correct Answer:

verifed

Verified

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