Features of under development in LDC
- Dominated by agriculture
- Low levels of income
- High population growth rate
- Low level of technology
- Existence of dualism
- Overdependence on external resource and trade
- High illiteracy rate
- Low life expectance due to poor living conditions
- Low technology
- Wide spread poverty
- debt crisis
- rural-urban migration
- political instability
- excess capacity resource utilization
- low level of entrepreneurship
- low levels of diversification
- insufficient capital
CATEGORIES Economics
TAGS Dr. Bbosa Science
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