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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Kitui Millers Ltd
Trial Balance
As 31st December 2011
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Explain five factors that may have accounted for the trend...(Solved)
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Date posted: September 25, 2019. Answers (1)