What ase the features of under development
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Low Income: ...
Predominance of Agriculture: ...
Rapid Population Growth Rate and High Dependency Ratio: ...
Mass Poverty: ...
Unemployment and Underemployment: ...
Inequality: ...
Scarcity of Capital: ...
Low Level of human D
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Essay # 1. Problems of Underdeveloped Country:
Industrialisation creates its own problems and that perhaps is the reason that in many countries it is opposed.
ADVERTISEMENTS:
There are many causes responsible for that which might briefly be discussed as under:
(1) Lack of Transport Facilities:
In non-industrial countries, which wish to industrialise themselves, transport facilities are badly needed. Lack of these facilities hinders the whole process. It is because even the choice of location of an industry becomes very difficult. Not only this but consumption of goods produced, as well as cost of production are dependent on location and in the initial stages of industrialisation, both these factors very much count in the spread or slowing down of whole process.
(2) Non Availability of Power:
One of the major reasons why non-industrialised and underdeveloped countries take a long time for industrialisation is that they lack availability of power. This holds growth and expansion of large scale industries and also expansion of domestic industries as well.
(3) Size Local Market:
If the local market for the consumption of goods produced by the industry is quite sufficient then the industry is encouraged and the process of industrialisation becomes both easy as well as quick. But when there is no or small local market, industrialists are discouraged, because they feel that they will have to face international market for consumption of goods. The investment then is slow and with that the whole process becomes slow.
(4) Lack of Trained Persons:
Industrialisation creates its own problems and that perhaps is the reason that in many countries it is opposed.
ADVERTISEMENTS:
There are many causes responsible for that which might briefly be discussed as under:
(1) Lack of Transport Facilities:
In non-industrial countries, which wish to industrialise themselves, transport facilities are badly needed. Lack of these facilities hinders the whole process. It is because even the choice of location of an industry becomes very difficult. Not only this but consumption of goods produced, as well as cost of production are dependent on location and in the initial stages of industrialisation, both these factors very much count in the spread or slowing down of whole process.
(2) Non Availability of Power:
One of the major reasons why non-industrialised and underdeveloped countries take a long time for industrialisation is that they lack availability of power. This holds growth and expansion of large scale industries and also expansion of domestic industries as well.
(3) Size Local Market:
If the local market for the consumption of goods produced by the industry is quite sufficient then the industry is encouraged and the process of industrialisation becomes both easy as well as quick. But when there is no or small local market, industrialists are discouraged, because they feel that they will have to face international market for consumption of goods. The investment then is slow and with that the whole process becomes slow.
(4) Lack of Trained Persons:
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