GK
BUSINESS ECONOMICS
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Country with little economic wealth and an emphasis on agriculture or mining.
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less-developed country
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developing country
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industrialized country
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None of the above
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Explanation:
Detailed explanation-1: -Bangladesh is one of the least developed countries in Asia. It has a GDP per Capita of $2, 458 as of 2021. The low development is driven, in part, by low urbanization, with only 40% of the country’s population urbanized.
Detailed explanation-2: -Developing countries would gain about equally from liberalization of manufacturing and agriculture. The group of low-income countries, however, would gain most from agricultural liberalization in industrial countries because of the greater relative importance of agriculture in their economies.
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