Which of the following is a barrier to economic growth in low-income countries?

Question

Quizplus · Accepted Answer

Lack of investment in research and development is a barrier to economic growth in low-income countries because it limits the ability of these countries to adopt new technologies and increase productivity. Without significant investment in research and development, low-income countries may struggle to compete with more developed economies and may remain trapped in a cycle of low growth and poverty. A shortage of labor or natural resources, while potentially limiting factors, can also be overcome through investment and innovation, while a declining population and increasing savings are not necessarily barriers to growth but can be indicative of demographic or economic shifts.

Which of the Following Is a Barrier to Economic Growth