Capital formation in underdeveloped countries is a major bottleneck. The reason can be a. Small size of market with no incentive for investment b. Low level of income c. Demonstration effect d. All the above

Capital formation in underdeveloped countries is a major bottleneck. The
reason can be
a. Small size of market with no incentive for investment
b. Low level of income
c. Demonstration effect
d. All the above
by

1 Answer

Answer :

d. All the above
Capital formation refers to investment in tools, machinery, buildings etc. inequalities
in the economy is also a reason behind this.
by

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