Less Developed Countries (LDCs) | Economics
The following points highlight the top characteristics of Less Developed Characteristics (LDCs). The characteristics are: 1. Low Per Capita Income and Widespread Poverty 2. Shortage of Capital 3. Population Explosion and High Dependency 4. Low Levels of Productivity. Characteristic # 1. Low Per Capita Income and Widespread Poverty: The most important indicator of economic backwardness is per capita income. The [...]