How does rate of economic development …
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Yogita Ingle 5 years, 3 months ago
Low rate of economic development leads to poverty: Physical and natural resources are underutilised because of lack of technology, capital and entrepreneurial ability. Therefore, the productive capacity and gross domestic product of the economy are low. Primitive technology of production occurs in the agricultural sector. They lack irrigation facilities, fertilisers and high-yielding variety of seeds. This backwardness in agriculture has given rise to rural poverty.
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