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 the above.

Question

Quizplus · Accepted Answer

All the given options are factors that affect economic growth and development in LDCs. Lack of saving leads to limited investments, which hinders growth. Insufficient infrastructure makes it difficult for businesses to operate efficiently and attract investments, while an unfavorable political environment affects government policies, trade, and investments. Thus, all of these factors combined contribute to the low economic growth and development in LDCs.

Economic Growth and Development in LDCs Are Low Because Many