ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Lack of access to improved seeds or fertilizers and pesticides further add to their hardships, in addition to a lack of reliable markets and little available pricing information.

Detailed explanation-2: -Basic needs include food, nutrition, health services, education, water, sanitation, and shelter. A World Bank study to evaluate the success of developing countries in meeting their populations’ basic needs discloses great disparity among countries.

Detailed explanation-3: -These countries come under the category of third world countries. They are also known as lower developed countries. Developing Countries depend upon the Developed Countries, to support them in establishing industries across the country.

Detailed explanation-4: -Developing countries have a low gross domestic product (GDP) per person. They tend to rely on agriculture as their prime industry. They have not quite reached economic maturity.