What is economic development?
An increase in output per person
An increase in output per person, accompanied by a fundamental change in the structure of society
An increase in the investment in the economy from one year to the next
A Less Developed Country generally starts out as what kind of society?
A Traditional Society
A Productive Society
A High Society
Which of the stages of economic growth does the following scenario describe?
Obstacles to progress are removed and the population of urban areas increase
The Preconditions for Take-Off
The Drive to Maturity
Select the characteristic of a less developed country from the below list:
There's a large level of substitute goods in the market
Most of the population live by the coast
There's a high dependence on one crop
Why does low levels of adult literacy hold an LDC back from development?
Road signs cannot be constructed as people couldn't understand them - this means roads can't be built
Booksellers face a very low level of demand and are forced out of business
New technologies cannot be read about and taken advantage of
What characterises the shanty towns that many living in LDCs live in?
Solar panels on the houses
An absence of sewage systems
An absence of local government
What effect does increasing agricultural output have for an LDC?
It reduces dependence on outside food aid
It gives access to new markets
It provides more resources for education
What is the most important thing LDC governments should reduce spending on in order to drive growth?