Which of the Following Is Most Characteristic of Most Developing

question 208

Multiple Choice

Which of the following is most characteristic of most developing nations?

• A) roughly equal distribution of income among the population
• B) high levels of labor productivity in agriculture
• C) low propensity to consume goods and services
• D) low levels of saving and investment

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Definitions:

Licensing

Involves granting permission to an individual or entity to use intellectual property, such as patents, trademarks, or technology, under agreed terms and conditions.

Low-Risk

Pertains to investments or decisions that have a relatively small chance of resulting in financial loss or negative outcomes.

Local Manufacturing

The production of goods within a specific geographic region, typically emphasizing the benefits of reduced transport costs, supporting local economies, and minimizing environmental impact.

Franchising

A business model that allows one party (the franchisee) to operate a business using the branding and business system of another party (the franchisor) in exchange for fees or royalties.