A country is described as developing if
...A country is described as developing if
The income per head is low
The contribution of tertiary sector to national income is high
The population is decreasing
There is low labour supply
Correct answer is A
A country is described as developing if the income per head is low. A developing country is a country that is in the process of economic development. This means that the country is trying to increase its standard of living and improve the quality of life for its citizens.
One of the key indicators of a developing country is the income per head. This is the average income of a person in the country. If the income per head is low, it means that the standard of living in the country is also low.
Which of the following statement is TRUE about ECOWAS? ...
In this diagram, So So is the original supply curve while S1 S1 represent? ...
The slope of a supply curve is ...
Which of the following functions do retailers perform in an economy? ...
Which of the following factors enhances the ability of commercial banks to create money? ...
Malthus contention is that ...
By subsistence production we mean? ...
Supply in Economics means making ...