7 Explain two characteristics of a Newly Industrialized Country NIC or two characteristics of a less Developed Country LDC

Two characteristics of a Newly Industrialized Country (NIC) are:

1. Rapid Economic Growth: NICs experience a rapid growth in their economy due to their adoption of modern technologies and industrialization. This results in an increase in their GDP and per capita income.

2. Urbanization: NICs experience a significant shift in their population from rural to urban areas due to the growth of industries and employment opportunities in cities. This leads to the growth of urban centers and the development of infrastructure and services in these areas.

Two characteristics of a Less Developed Country (LDC) are:

1. Low Human Development Index (HDI): LDCs have a low HDI, which is a measure of the overall well-being of a country's population. This is due to factors such as poverty, lack of education, poor healthcare, and limited access to basic services.

2. Dependence on Agriculture: LDCs are heavily dependent on agriculture as a source of income and employment. However, due to factors such as climate change, limited access to technology and resources, and unstable markets, their agricultural sector is often unstable and vulnerable to shocks