Capital formation in underdeveloped countries is a major bottleneck. The reason can be
A) Small size of market with no incentive for investment
B) Low level of income
C) vicious circle of poverty
D) All the above
Correct Answer:
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Q1: Which of the following explains the term
Q2: Which of the following explains the term
Q3: An underdeveloped economy is characterized by
A)High per
Q4: Scarcity of capital, technological backwardness and unemployment
Q5: Which of the following denotes an underdeveloped
Q7: Consider the following statements and identify the
Q8: Which of the following about strategy of
Q9: Which of the following about strategy of
Q10: The additional capital used per unit of
Q11: Depression is characterized by
A)unprecedented level of underemployment
B)Drastic
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