Question

A country is poor because it is poor-Vicious cycle of Poverty
An​

Answer 1

Answer:

Ragnar Nurkse explains that the vicious circle implies a circular constellation of forces tending to act and react upon one another in such a way as to keep a poor country in a state of poverty. The entire argument is summed up in Nurkse's words: “A country is poor, because it is poor.”

Explanation:

They (the under- developed countries) cannot get their heads above water because their production is so low that they can spare nothing for capital formation by which their standard of living can be raised.”

Answer 2

Answer:

a country is poor because it is poor because income of a poor country is low ,so its savings and investments are low. low investment limits its productivity capacity which leads to low output and income.