Asked by Sameer Ishaq on Jul 24, 2024
Verified
Many economists believe that the key to breaking the vicious circle of poverty is to
A) cut down the mortality rates in poor nations.
B) reduce the birth rates in poor nations.
C) increase the mobility of labor and migration.
D) increase the rate of capital accumulation in poor nations.
Vicious Circle
A complex chain of events that reinforces itself through a feedback loop, often leading to a negative or detrimental outcome.
Poverty
A socio-economic condition characterized by a lack of access to essential resources, services, and opportunities necessary for a minimum standard of living.
Capital Accumulation
The process of acquiring and investing capital in order to increase the wealth or productive capacity of an economy.
- Comprehend the mechanisms to break the vicious circle of poverty in developing nations, particularly through capital accumulation.
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Learning Objectives
- Comprehend the mechanisms to break the vicious circle of poverty in developing nations, particularly through capital accumulation.
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