210k views
0 votes
Which of the following is not a barrier to a economic development

2 Answers

4 votes

Answer:

I think you forgot to mention the examples along with the question. I am answering the question based on my research and knowledge. The barrier to economic development that is shown in the examples is very low levels of social welfare. I hope the answer comes to your help.

Step-by-step explanation:

User Koelkastfilosoof
by
5.6k points
1 vote

Answer:

All factors are considered for economic development except the following given below.

Step-by-step explanation:

  • Barriers to economic development are large population size, savings gap, large and inadequate capital accumulation, corruption, politics and poor governance, the deficit in the foreign trade of goods and services.
  • Other factors being lack of technological developments, climatic and weather disturbances, a decline of trade and commerce is considered to be one of the biggest drawback influencing this growth.
  • Institutional barriers like education, skill development, innovation and access to equal opportunities. Slowness in terms of gross domestic production and decline in various sectors of the economy.
User Maroux
by
5.3k points