Question

79. Scarcity of Capital, technological
backwardness and unemployment are
generally found in :
(A) Developed countries
(B) Underdeveloped countries
(C) Both (A) and (B)
(D) None of these​

Answer 1

Explanation:

Scarcity of capital, technological backwardness and unemployment are generally found in Underdeveloped countries. The term underdevelopment refers to that state of an economy where levels of living of masses are extremely low due to very low levels of per capita income resulting from low levels of productivity and high growth rates of population.