Q.Explain any four features of an underdeveloped economy.

Underdeveloped economies share structural weaknesses such as low income, agricultural dependence, and low capital formation. …

Underdeveloped economies typically share a common set of structural features. Four of the most important are:

1. Low per capita income and mass poverty — average income is low and a large share of the population lives below the poverty line.
2. Excessive dependence on agriculture — a disproportionately large share of the workforce is engaged in low-productivity agriculture relative to its contribution to national income.
3. Low rate of capital formation — low incomes lead to low savings, which limits investment and keeps the economy trapped at a low level of output (the "low-level equilibrium trap").
4. Rapid population growth — a high birth rate alongside a falling death rate leads to fast population growth, diluting the benefits of whatever growth is achieved. …

Listing features as bare phrases without linking them to how they slow down growth/develop …