The problems faced by the industrial sector in less developed countries.
- Limited capital stock/ funds.
- Poor infrastructure.
- Limited entrepreneurial skills.
- Limited skilled manpower.
- Limited domestic and foreign markets , high MPM / competitor imports.
- Under developed capital markets.
- Poor technology.
- High level of taxation.
- High level of corruption in the sector.
- Political instability.
- Limited supply of raw materials.
- Poor land tenure system.
- High capital out flow/ income and profit repatriation.
- Economic instabilities such as high inflation, unstable foreign exchange rate, etc.
CATEGORIES Economics
TAGS Dr. Bbosa Science
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