All of the following contributes to economic development except
A) high saving and investment rates.
B) low population growth rate.
C) the existence of a socialist economic system to ensure that a country's output is fairly distributed.
D) investment in infrastructure.

Question

Quizplus · Accepted Answer

The existence of a socialist economic system may not necessarily contribute to economic development as it could lead to inefficiencies, lack of incentives for innovation and entrepreneurship, and a lack of competition. In fact, many countries with socialist economic systems have struggled with economic development.

All of the Following Contributes to Economic Development Except