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What Is the Most Significant Financial Problem Faced by Less

question 7

Essay

What is the most significant financial problem faced by less developed countries in attempting to fund their development plans? Provide an example to illustrate this difficulty.


Definitions:

Subjective Observation

The collection of data based on personal judgments, feelings, or opinions, rather than objective measurement.

Objectivity

Is assessed by the degree of consistency between the observations of independent observers.

Sampling

A statistical method of selecting a subset of individuals or observations from a larger population to make inferences about the whole population.

Observation

The action or process of closely monitoring or watching something or someone carefully or in order to gain information.

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