asked 93.4k views
1 vote
Why do underdeveloped nations have difficulty saving and accummulating capital supplies?

1 Answer

6 votes

Many underdeveloped countries have a high proportion of the total population engaged in producing food- a primary source of wealth for economic development. However, because many of these people are subsistence farmers barely feeding themselves there is little or no individuals surplus for creating capital.

answered
User Coup
by
8.0k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.