One Major Path That Leads to Growth in Both Developing

question 132

Multiple Choice

One major path that leads to growth in both developing nations (DVCs) as well industrially advanced nations (IACs) is that productive resources must be

• A)owned and managed by the public sector.
• B)distributed more equitably across business sectors.
• C)reallocated to export industries.
• D)used more efficiently.

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Definitions:

Law Enforcement

The system by which some members of society act in an organized manner to enforce the law by discovering, deterring, rehabilitating, or punishing people who violate the rules and norms governing that society.

Advanced Technologies

Modern and cutting-edge technologies that offer significant improvements over existing technologies in terms of performance, efficiency, or capabilities.

Expensive Labor

Refers to labor that has a high cost, often due to skills, experience, or wage regulations that increase the compensation required to employ workers.

Resource Endowments

The natural resources, capital, and human skills that a country or region has available for economic production.