Sectors where the development process leads to a more rapid expansion of demand than supply in goods or factor markets are known as

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Sectors experiencing a more rapid expansion of demand than supply in goods or factor markets are known as bottlenecks. This can occur due to constraints on production capabilities or limited availability of key resources such as skilled labor. The resulting scarcity of supply can lead to higher prices and potential shortages, creating challenges for both producers and consumers.

Sectors Where the Development Process Leads to a More Rapid