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  5. The major characteri...

The major characteristics of an undeveloped nation is

Economics
JAMB 2016

The major characteristics of an undeveloped nation is

  • A. Over-dependence on foreign products
  • B. Dominance of the industrial sector
  • C. High per capita income
  • D. Efficient and sensitive financial sector
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Correct Answer: Option A
Explanation

Characteristics

  • Low per Capita Income
  • Inequitable Distribution of Wealth and Income
  • Predominance of Agriculture
  • Deficiency of Capital
  • High Rate of Population Growth
  • Unemployment and Underemployment
  • A Dualistic Economy
  • Technical Backwardness
  • dependence on foreign products
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