Economics · Poverty and Development
Which one of the following sequence correctly represents the Supply-side vicious circle of poverty?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Low Income → Low Saving → Low production → Low investment → Low Income
- 2Low Income → Low Saving → Low Investment → Low Production → Low Income✓
- 3Low saving → Low Income → Low Investment → Low Production → Low Income
- 4Low Income → Low Saving → Low Investment → Low income → Production
Correct answer
Low Income → Low Saving → Low Investment → Low Production → Low Income
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