A country is described as industrialized if
ECONOMICS
WAEC 2019
A country is described as industrialized if
- A. the contributions of industries to national income are high
- B. traditional and modern sectors coexist
- C. the country adopts an import promotion strategy
- D. primary industries dominate the economy
Correct Answer: A. the contributions of industries to national income are high
Explanation
An industrialized country is a developed country with a highly mature and sophisticated economy, that has advanced technological infrastructure and have diverse industrial and service sectors. It is usually measured by gross domestic product (GDP) and/or average income per resident.
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