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CBSE Class 11-commerce Answered

How does low rate of economic development leads to poverty?
Asked by sntshtrk530 | 04 Sep, 2017, 04:48: AM
answered-by-expert Expert Answer
Low rate of economic development leads to poverty: Physical and natural resources are underutilised because of lack of technology, capital and entrepreneurial ability. Therefore, the productive capacity and gross domestic product of the economy are low. Primitive technology of production occurs in the agricultural sector. They lack irrigation facilities, fertilisers and high-yielding variety of seeds. This backwardness in agriculture has given rise to rural poverty. 
Answered by Tharageswari S | 04 Sep, 2017, 09:40: AM
CBSE 11-commerce - Economics
Asked by sntshtrk530 | 04 Sep, 2017, 04:53: AM
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CBSE 11-commerce - Economics
Asked by sntshtrk530 | 04 Sep, 2017, 04:52: AM
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CBSE 11-commerce - Economics
Asked by sntshtrk530 | 04 Sep, 2017, 04:51: AM
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CBSE 11-commerce - Economics
Asked by sntshtrk530 | 04 Sep, 2017, 04:50: AM
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CBSE 11-commerce - Economics
Asked by sntshtrk530 | 04 Sep, 2017, 04:50: AM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 11-commerce - Economics
Asked by sntshtrk530 | 04 Sep, 2017, 04:48: AM
ANSWERED BY EXPERT ANSWERED BY EXPERT
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