Which of the following is a characteristic of an LDC?
A) Capital flight.
B) Vicious circle of poverty.
C) Lack of entrepreneurs.
D) All of the above.

Question

Quizplus · Accepted Answer

All of the above are characteristics of an LDC. Capital flight refers to the tendency of money and investments to leave a country due to concerns about economic instability or unfavorable economic policies. The vicious circle of poverty refers to the situation where poverty leads to low levels of investment, productivity, and consumption, which in turn perpetuates poverty. The lack of entrepreneurs refers to the absence of individuals who are willing and able to take risks and start new businesses, which can be a barrier to economic growth.

Which of the Following Is a Characteristic of an LDC