Q.'Year of Small Divide' :

A developing economy is a country that is still progressing toward the income levels, industrial structure and living standards typically associated with developed nations, and is marked by a recognisable cluster of common features. These include: comparatively low per-capita income; a workforce still heavily dependent on agriculture even as agriculture's share of national output declines; a history of high population growth placing pressure on resources and job creation; widespread open unemployment together with underemployment, especially disguised unemployment in agriculture where more workers are engaged than the task genuinely requires; and, perhaps most distinctively, the coexistence of a modern sector (using advanced technology and organised, formal production) alongside a traditional sector (using older techniques, informal employment, and lower productivity) rather than the traditional sector having been absorbed into the modern economy — a condition called economic dualism. These features are interconnected rather than a simple checklist: low agricultural productivity contributes to di …