According to the supply side of the vicious circle theory of development a country is poor because . | Faculties

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Mr. Dubey

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📊 Economics of Development

Q. According to the supply side of the vicious circle theory of development a country is poor because .

(A) Technology levels do not allow for self sufficiency
(B) It was previously too poor to save and invest
(C) Underemployment is too widespread
(D) Resource allocation is poor

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✅ Correct Answer: (B) It was previously too poor to save and invest

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