Question

poverty in less developed countries is large because of:​

Answer 1

Explanation:

This is largely due to low per capita income and widespread poverty. Since most people are poor they cannot save much. In fact, poor people have a high propensity to consume (or a low propensity to save). Ragnar Nurske has pointed out that most LDCs are caught in a vicious circle of poverty..

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Answer 2

Answer:

Underdeveloped countries are at the very bottom of the global economy, with widespread extreme poverty and dire living conditions. They usually have little or no infrastructure or reliable health care and other social services. Many have experienced long-term political unrest in the form of civil war or armed conflict with other nations, or have been subject to unstable governments, dictatorships, and/or corruption. In addition, they may frequently suffer environmental events and natural disasters that cause famine, destruction, and displacement of large segments of their populations.