By Readers Material
An underdeveloped economy refers to a nation that has not achieved a high level of industrialization, technological advancement, or overall economic prosperity.
01
At the heart of an underdeveloped economy lies the challenge of low per capita income.
02
Unlike their developed counterparts with advanced and diversified industries, underdeveloped economies grapple with limited industrialization.
03
The agricultural sector plays a central role in underdeveloped economies. A significant portion of the population engages in subsistence farming
04
Infrastructure deficiencies pose a common hurdle in underdeveloped economies.
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Limited job opportunities and a lack of diverse employment options amplify economic challenges and social disparities.