Question

Under-developed economies depend largely on the use of outdated technology.

• A. True
• B. False

Answer 1

The correct option is A True

Under-developed economies depend mostly on outdated technology for producing goods and services in their economy and hence they could not compete with other developing and developed countries who all use improved technology for producing goods and services. As a result because of the use of outdated technology ,under-developed gets trapped in low equilibrium growth.