Use Figure (changing the box labels as necessary) to explain rapid economic growth in countries such as
Question:
The vicious circle of poverty
What factors other than those contained in the figure might contribute to that growth?
Transcribed Image Text:
Low per capita income Rapid population growth Low level of saving Low level of demand Low productivity Low levels of investment in physical and human capital
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Related Book For
Economics
ISBN: 978-0073375694
18th edition
Authors: Campbell R. McConnell, Stanley L. Brue, Sean M. Flynn
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