Concept:Developing countries generally have low incomes, low savings, and limited capital.Explanation:Developing countries face high unemployment, produce mainly one or few primary products, and have low saving rates.Because incomes are low, their capital formation is low, not high.High capital formation is found in developed countries that invest heavily in machinery, infrastructure, and technology.Therefore, the option that is NOT a characteristic of developing countries is high capital formation.Answer:C. High capital formation