Question

how is unemployment a major obstacle in way of economic development?​

Answer 1

Answer:

Explanation:

Some of the main economic obstacles are given below:

• Deficiency of Capital and Foreign Exchange. ...
• Vicious Circle of Poverty. ...
• Backward Natural Resources. ...
• Backward State Technology. ...
• Inflation. ...
• Low Per Capita Income. ...
• Internal and External Debts. ...
• Dependence on Agriculture.

Answer 2

Explanation:

Search Results

What are the major obstacles to economic growth in developing countries?

Barriers to Economic Growth and Development

Poor infrastructure.

Human capital inadequacies.

Primary product dependency.

Declining terms of trade.

Savings gap; inadequate capital accumulation.

Foreign currency gap and capital flight.

Corruption, poor governance, impact of civil war.

Population issues.