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Which of the following is NOT one of the characteristics of developing countries?

Which of the following is NOT one of the characteristics of developing countries?
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A High unemployment
  • B Mono- product economy
  • C High capital formation
  • D Low saving
Correct Answer: Option B
Explanation:
Mono- product economy ( an economy that produces one product or commodity) is not a characteristics of developing country. The characteristics are: high level of illiteracy, dependence on agriculture, low savings and investment, low standard of living, population explosion, high death rate etc.

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