Categories: Economics WAEC

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:

Option 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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