Which of the following best defines the vicious circle of poverty?
A) Countries are poor because they cannot afford to save and invest.
B) Countries are poor because of high population growth.
C) Countries are poor because of lack of education and training for workers.
D) Countries are poor because of poor international credit.

Question

Quizplus · Accepted Answer

The vicious circle of poverty refers to the situation where countries remain poor because they cannot afford to save and invest, which in turn prevents economic growth and development, perpetuating their poverty.

Which of the Following Best Defines the Vicious Circle of Poverty