Economic growth and development in LDCs are low because many of them lack:
A) saving.
B) infrastructure.
C) a political environment favorable to growth.
D) All of these.

Question

Quizplus · Accepted Answer

Economic growth and development in LDCs are influenced by multiple factors, such as lack of saving, inadequate infrastructure, and a political environment unfavorable to growth. These factors often work in conjunction and create a vicious cycle that hinders progress in these countries. Lack of saving limits investment opportunities, inadequate infrastructure hampers trade and commerce, and an unstable political environment discourages foreign investment. Therefore, all of the given options contribute to the low economic growth and development in LDCs.

Economic Growth and Development in LDCs Are Low Because Many