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According to Professor Nurkse, how does capital formation contribute to the economic development of underdeveloped countries?a)Capital formation leads to higher levels of inflation and balance of payments issues.b)Capital formation helps break the vicious circle of poverty in underdeveloped countries.c)Capital formation results in increased dependence on foreign capital.d)Capital formation has no significant impact on economic development.Correct answer is option 'B'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about According to Professor Nurkse, how does capital formation contribute to the economic development of underdeveloped countries?a)Capital formation leads to higher levels of inflation and balance of payments issues.b)Capital formation helps break the vicious circle of poverty in underdeveloped countries.c)Capital formation results in increased dependence on foreign capital.d)Capital formation has no significant impact on economic development.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for According to Professor Nurkse, how does capital formation contribute to the economic development of underdeveloped countries?a)Capital formation leads to higher levels of inflation and balance of payments issues.b)Capital formation helps break the vicious circle of poverty in underdeveloped countries.c)Capital formation results in increased dependence on foreign capital.d)Capital formation has no significant impact on economic development.Correct answer is option 'B'. Can you explain this answer?.

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