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- Some characteristics of developing countries are12:
- Multistructural nature of the economy, based on a mixed socio-economic structure and specialization in the production of raw materials1.
- Significant dependence on foreign capital and imports, which are higher than exports12.
- The influence of traditional institutions in the economy, such as religion, culture, and politics1.
- The high population growth, poverty, and unemployment rates, which affect the income per year and the security of the people12.
- Minimal health facilities and access to basic services, such as education, sanitation, and infrastructure2.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Major features of developing countries
- 1. Multistructural nature of the economy The economy of developing countries is based on a mixed socio-economic structure. ...
- 2. Specialization in the production of raw materials ...
www.legit.ng/1215653-major-features-developing-c…Characteristics of Developing Countries
- 1. Income per year which tends to be low. Annual income in developing countries is not as high as in developed countries due to the high unemployment rate.
- 2. Security Not Guaranteed. ...
www.rprogreso.com/characteristics-of-developed-a… - People also ask
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