Case 1
Economists have identified the economic models of
underdeveloped countries. Most of these countries which are
underdeveloped shares some common factors. They are low in GDP per
capita, higher unemployment level, low level of savings by the
people in the country, and agrarian economic dependence, low level
of technology and lack of entrepreneurship and managerial capacity,
and trade with developed countries. There are stories of many types
of scarcities in these economies like water scarcity poor
educational facilities, health...