Characteristics of Pakistan's Economy

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 Basic Characteristics of Pakistan’s Economy

1- General Poverty and Low Living Standard. 

 Basic Characteristics of Pakistan’s Economy 1- General Poverty and Low Living Standard. Poverty cannot be described, it ca...

2. Law Per Capita Income 

3- Low Per Capita Income: Due to low national income and huge population growth rate, per capita income in developing coun... 



















4- Over Dependence on Agriculture: 61% Population of Pakistan is living in more than 50,000 villages. Backward agriculture... 9- Dualistic Economy: Dualistic economy refers to the existence of advanced & modern sectors with traditional & backward s...
6- Unemployment : An outstanding problem of developing countries is their high rate of un-employment, under- employment an... 7- Low level of Productivity: The productivity level is very low in under developed countries as compared to developed cou...10- Deficiency of Capital: Shortage of capital is another serious problem of poor nations. Lack of capital leads to low pe...11- In-appropriate Use of Natural Resources: Mostly there is shortage of natural resources in developing nations and this ...13- Limited Foreign Trade : Due to backwardness, developing countries have to export raw material because the quality of t...15- Inflation: High rate of inflation causes economic backwardness in poor nations. Due to high level of price, purchasing...






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