Characteristics of developed to less developed countries, Business Economics

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What are the characteristics of developed countries applied to Less Developed Countries?

Some of Kuznets' characteristics of a DC (developed countries) can be applied to LDCs (Less Developed Countries) to describe underdevelopment caused by a lack of as:

• Productivity development;

• Structural transformation;

• International trade and

• Ideological and Social change

Policies that enable the above assist development and growth.

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