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What is the main reason for the low per capita income in underdeveloped countries?
  • a)
    Inequitable distribution of wealth and income
  • b)
    High rate of population growth
  • c)
    Predominance of agriculture
  • d)
    Deficiency of capital
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
What is the main reason for the low per capita income in underdevelope...
The main reason for the low per capita income in underdeveloped countries is the inequitable distribution of wealth and income. In underdeveloped countries like India, there is a concentration of wealth and economic power in the hands of a few, leading to income inequalities. This results in a low per capita income for the majority of the population. The low per capita income is reflected in the low standards of living and high levels of poverty. Addressing income inequalities is crucial for improving the per capita income and overall development in underdeveloped economies.
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What is the main reason for the low per capita income in underdeveloped countries?a)Inequitable distribution of wealth and incomeb)High rate of population growthc)Predominance of agricultured)Deficiency of capitalCorrect answer is option 'A'. Can you explain this answer?
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