Low capita income and widespread poverty
Shortage of capital which is due to low capital income and widespread poverty
Population explosion where less developed countries have a high rate of growth of the population
Massive unemployment
Dominance of agriculture in the economy
Low levels of productivity of land, labor and capital in less developed countries
Dependence on foreign trade: there is lack of economic independence both in nature and in the planning process within the less developed countries and most of these countries rely on primary products
Dana05 answered the question on July 3, 2019 at 11:15
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