Which of the Following Factors Has Been Suggested as an Explanation

question 120

Multiple Choice

Which of the following factors has been suggested as an explanation for the lack of economic growth in many poor nations?

• A) insufficient capital formation
• B) the supply of human resources is too high.
• C) inadequate level of resources
• D) a lack of dependence on the already developed nations

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Definitions:

Ownership Utility

The value or satisfaction an individual gains from having control over a product or item and the ability to use it as desired.

Salesperson

An individual employed to represent a company and its products or services, aiming to sell and promote them to customers.

Place

Place, in marketing terms, refers to distribution channels or locations where products or services are made available to customers.

Location Convenient

A criterion describing a place or venue that is easily accessible and practical for users or customers, often considered in business site selection.