The question was very popular with the candidates but the (a) part was not well tackled. Candidates needed to state thus to score the maximum marks for this question:
(a) Economic development is the process whereby there is a long period of sustained growth in the per capita real income of a country, accompanied by fundamental changes in the structure of the economy.
(b) Features of a developing economy
(i) high level of poverty;
(ii) inadequate infrastructural facilities;
(iii) rapid population growth;
- agriculture is the main occupation/low level of industrialization;
- high dependency on foreign nations;
- the use of crude technology;
- low per capita income;
- low level of savings and investment;
- inadequate medical care;
- high level of illiteracy.