Which of the following factors has been suggested as an explanation for the lack of economic growth in many poor nations?
A) insufficient capital formation
B) the supply of human resources is too high.
C) inadequate level of resources
D) a lack of dependence on the already developed nations

Question

Quizplus · Accepted Answer

Insufficient capital formation is often cited as a reason for the lack of economic growth in poor nations, as it limits investment in infrastructure, technology, and education, which are crucial for development.

Which of the Following Factors Has Been Suggested as an Explanation