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What characterizes developing economies? Check all that apply.


A.a growing industrial economy

B.a low level of reliance on natural resources

C.a drop in the standard of living

D.a focus on agricultural activity

Ea shrinking middle class

Verified Answer :

amniotecardamom

The developing countries are those countries whose industrialization happened late.

A developing economy is characterized by the high consumption of natural resources for the development of its industrial matrix. Each developing country has a productive structure, some, like Brazil, also has a focus on agricultural activity.

Usually, there is an improvement in social indicators in developing countries, such as an increase in income and in the index of human development.

Therefore, the alternatives (A) and (D) are correct.

chilljain33

Developing economies refer to as such economies in which the people have constantly grown wealth at a faster rate. The developing economies are characterized by a growing industrial economy and a shrinking middle class.

So, the correct options are that match the statements quoted above are A and D.

How can a Developing Economy be characterized?

A developing economy refers to as such economy which is neither completely developed nor completely underdeveloped and the development is more year-on-year.

The GDP of developing economies grows at a rate of more than increasing 5 percent each year as compared to the previous year. The industrial economy of such nation is at boom.

There is also a shrink experienced in the middle class of such economy which shows that every year there is a shift of people from the slab of being middle class to being rich.

India is the best example of a developing economy and consists of all the characteristics of an ideal developing economy.

Hence, the correct options are A and D that a developing economy is characterized by a growing industrial economy and a shrinking middle class.

Learn more about Developing Economy here:

https://brainly.com/question/10255059

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