A Major Factor Contributing to the Slow Growth Rate of Less-Developed

question 214

Multiple Choice

A major factor contributing to the slow growth rate of less-developed economies is

• A)the lack of well-defined and enforceable property rights.
• B)the lack of natural resources.
• C)the lack of workers.
• D)the high rate of illiteracy.

---

Definitions:

Small Business Management

Refers to overseeing the operations, strategy, and financial health of a small, typically local, business.

Processes

A series of actions or steps taken in order to achieve a particular end in a business setting.

IPOs

Initial Public Offerings, the process by which a private company offers shares to the public in a new stock issuance.

ESOPs

Employee Stock Ownership Plans, which are programs that provide a company's workforce with ownership interest in the company through stocks.