Economics · Economic Growth and Development
What is the constellation of circular forces that act and react upon each other in such a way as to keep a poor country in a state of poverty called?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Circular flow of income
- 2Vicious circle of poverty✓
- 3Low-level equilibrium trap
- 4Liquidity trap
Correct answer
Vicious circle of poverty
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