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What are the common characteristics of developing countries?

What are the common characteristics of developing countries?

Answers

John
1. Low capital - labour rates.
The ratio is low limiting the ability to use modern production methods thus lowering production.
2. Inadequate infrastructure and social services.
There are few roads and sewage. Provision of social services like health services are strained.
3. There is dependence on narrow range of products.
Many developing countries depend on few products which are primary products as export revenues.
4. There is high dependence on agricultural activities whereby a large proportion of population is involved in agriculture. The production is usually low due to lack of co-operate factors.
5. There is low per capita income.
According to world bank low income and middle income economies are developing countries.
Jonmhumble answered the question on October 24, 2017 at 13:31

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