Which among the following is a characteristic of underdevelopment?
A)Vicious circle of poverty
B)Rising mass consumption
C)Growth of industries
D)High rate of urbanization

Question

Quizplus · Accepted Answer

A vicious circle of poverty is a characteristic of underdevelopment, where low income leads to low savings, which in turn leads to low investment, thereby perpetuating a state of poverty.

Which Among the Following Is a Characteristic of Underdevelopment