The correct answer is C. Developing economy.
A developing economy is an economy that is in the process of industrialization and modernization. It is characterized by low levels of per capita income, high rates of population growth, and a high proportion of the population living in rural areas. Developing economies are often characterized by a lack of capital, excessive dependence on agriculture, and inequalities of income and assets.
A capitalist economy is an economic system based on private ownership of capital and the means of production. In a capitalist economy, businesses are owned and operated by individuals or groups of individuals, and they compete with each other to sell goods and services. The prices of goods and services are determined by supply and demand, and the allocation of resources is determined by the market.
A socialist economy is an economic system based on public ownership of capital and the means of production. In a socialist economy, the government owns and operates most businesses, and it sets prices and wages. The allocation of resources is determined by the government.
A developed economy is an economy that has a high level of per capita income, a low rate of population growth, and a high proportion of the population living in urban areas. Developed economies are often characterized by a high level of industrialization, a high level of technology, and a high level of education.