The part of the urban economy of LDC’s characterized by s... — Answer & Explanation | PrepBeePakistan

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HomeMCQsAgriculture

MEDIUMENGLISHAgriculture

The part of the urban economy of LDC’s characterized by small competitive individual or family firms, labour intensive methods, free entry and market determined factor and product prices?

Correct answer: B

Explanation

The description matches the standard economic definition of the informal sector in LDCs, which features small firms, labor intensity, and market-determined prices.

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