Q1 of 14 Page 59

Fill in the blanks with appropriate words:

The economies of India and Brazil are of ____________ type.

A developing country is a country with a lesser developed economy whose national income is lesser compared to other countries. The threshold to become a developed nation is to have higher industrialisation and a higher national income. Developing countries include both lower and upper-middle-income countries. Even though Brazil is an upper middle-income country and India a lower middle-income country, both are considered as developing economies.

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