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Which of the following is NOT one of the characteristics ...

Which of the following is NOT one of the characteristics of developing countries?

A.

High unemployment

B.

Mono-product economy

C.

High capital formation

D.

Low saving

Correct answer is B

Mono-product economy ( an economy that produces one product or commodity) is not a characteristics of developing country. The characteristics are: high level of illiteracy, dependence on agriculture, low savings and investment, low standard of living, population explosion, high death rate etc.