Cause of low level of national income in developing countries
- low level of natural resource exploitation
- small size of the market
- low level of infrastructural development
- political instabilities
- high population growth rate
- low level of income
- low levels of saving
- high inflation
- large subsistence sector
- low level of education
- low levels of technology
- high corruption
- negative attitude towards work
- high dependence of foreign aid
- low levels of industrialization
CATEGORIES Economics
TAGS Dr. Bbosa Science
