Economics · Development Economics

Which among the following is a characteristic feature of an underdeveloped economy?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Rising mass consumption
2Rapid growth of industrial sector
3High rate of urbanization
4Vicious circle of poverty✓

Correct answer

Vicious circle of poverty

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Which among the following is a characteristic feature of an underdeveloped economy?

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