The Vicious Circle of Poverty Is the Trap in Which

question 10

True/False

The vicious circle of poverty is the trap in which the LDC is too poor to save and therefore it cannot invest and remains poor.

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Definitions:

Voting Shares

Voting shares represent ownership in a company with the rights to vote on corporate policy and decisions.

Open Market

An open market is a scenario without trade barriers, where buyers and sellers are allowed to trade goods or securities freely without restrictive regulations.

Second Purchase

The act of buying a product or service for the second time after the initial purchase.

Goodwill

An intangible asset that arises when a buyer acquires an existing business, representing the value of the business's reputation, brand, and other non-physical assets.