Underdeveloped Country

Marketing dictionary

Underdeveloped Country

A country where 1987 GNP per capita ranged from $500 to $1000. This country exhibits the symptoms of the first stages of industrialization, which are (1) small factories are erected to supply the domestic market with such items as batteries, tires, footwear, clothing, building materials, and packaged foods; (2) the proportion of the population engaged in agricultural activities declines and the degree of urbanization increases; and (3) the available educational effort expands and literacy rises.

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