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Kenya is endowed with some economic resources yet it has failed to exploit them. Outline five reasons that account for this.

      

Kenya is endowed with some economic resources yet it has failed to exploit them.

Outline five reasons that account for this.

  

Answers


Martin
Outline five reasons that account to this.

- Poor governance leading to misappropriation and embezzlement of funds that would have been.

- In adequate capital/finance – leading to low levels of investment.

- Negative social cultural practices – which may hinder production.

- Use of inappropriate/low level technology – For exploitation and production of large quantities of goods.

- Poor infrastructure – which hinders movement of factors of production from one place to another.

- Inadequate labour/skills – resulting into inefficiency in production.

- High dependency ratio – leading to low saving and investments/ high population growth rate.

- Political instability – which discourages production/investment.

- Over-reliance on foreign aid – Which may lead to political blackmail.

- Poor political will/support due to vested interests of the leaders.

- Limited market – which discourages production activities.

- Trade dependency – where people more on buying than producing
marto answered the question on September 25, 2019 at 10:36


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