Fill in the blank with appropriate word.
The economies of India and Brazil are of the ------------------ type.
(i) Undeveloped
(ii) Developed
(iii) Developing
(iv) Highly developed
Answer: (iii) Developing
The economies of India and Brazil are of the developing type.
Both countries are progressing in technology, education and industry, but their per capita incomes are still very low compared with developed countries like the USA (in 2016 the USA’s per capita income was about US $56,280, against about US $8,840 for Brazil and US $1,680 for India). Both are also mixed economies, with public and private sectors working side by side.
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