Practicing Success
Which is NOT a feature of production in underdeveloped countries? |
Wage labour is seldom used Production is not solely for the market Significant rise in capital stock over time None of the above |
Significant rise in capital stock over time |
The correct answer is : Significant rise in capital stock over time Underdeveloped countries typically struggle with low levels of investment and capital accumulation, resulting in little to no significant rise in capital stock over time. This lack of capital accumulation is a key factor contributing to their underdevelopment. Here’s why the other options are typical features of production in underdeveloped countries:
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