The vicious circle of poverty experienced by lesser-developed nations starts with low consumption spending.

Name: The vicious circle of poverty experienced by lesser-developed nations starts with low consumption spending.
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Question

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The vicious circle of poverty often starts with low income, leading to low savings, which in turn leads to low investment, resulting in low productivity and thus perpetuating the cycle of poverty. Low consumption spending is a symptom rather than the starting point.

The Vicious Circle of Poverty Experienced by Lesser-Developed Nations Starts