Introduction:
A country where the average the income of the people is mush lower than that of developing countries. The economy depends upon a few export crops & where farming is countered but primary methods is called developing countries. Definitions of developing countries: According to United Nation Experts: A developing country is that in which per capita income is low when Compared to the per capita income of U.S.A, Canada, Australia & Western Europe According to Prof.R.Nurkse : Under developing countries are those which when compared with the advance countries, are under-equipped with capital in relation to their population and natural resources.
A: Economics characteristics
Following are the economic characteristics of UDCs
6- Unemployment:
An outstanding problem of developing countries is their high rate of un-employment, under-employment and disguised unemployment more than 0.35 million people are unemployed in Pakistan.
8- Deficiency of capital:
Storage of capital is another serious problem of poor nations. Lack of capital leads to low per capita income less saving and short investment.
10-
Inflation:
Highly rate of inflation causes economics backwardness in poor nation. Due to high level of price, purchasing power, value of money and saving of the consumer tend to decrease.
B- Demographic Characteristics
Following are the demographic characteristics