Economics of Development and Planning — Economics STD 12 — Question
Tamilnadu BoardEnglish MediumSTD 12EconomicsEconomics of Development and Planning3 Marks
Question
What is the meaning of underdevelopment?
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Answer
Meaning of Underdevelopment: The term underdevelopment refers to that state of an economy where levels of living of masses are extremely low due to very low levels of Percapita income, resulting from low levels of productivity and high growth rate of population.
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