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Question
State the main problems that are generally associated with poverty of the economy.
State the main problems that are generally associated with poverty of the economy.
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Solution
Poverty in an economy is the result of:
(i) rapidly rising population
(ii) low productivity in agriculture
(iii) under utilised resources
(iv) low rate of economic development
(v) inflation
Poverty in an economy is the result of:
(i) rapidly rising population
(ii) low productivity in agriculture
(iii) under utilised resources
(iv) low rate of economic development
(v) inflation
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