GENERAL KNOWLEDGE

GK

BUSINESS ECONOMICS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Country with little economic wealth and an emphasis on agriculture or mining.
A
less-developed country
B
developing country
C
industrialized country
D
None of the above
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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