What is the reason of poverty in developing countries according-00734

Online Quiz This subjective question is related to the book/course vu cs501 Advance Computer Architecture. It can also be found in vu cs501 Mid Term Solved Past Paper No. 2.

Question 1: What is the reason of poverty in developing countries according to Prebisch-Singer hypothesis?
Answer:
POVERTY means the state of being poor; lack of the means of providing material needs or comforts. According to Prebisch-Singer hypothesis following are the reason of poverty in developing countries. One of the reson for poverty is increasing population. Another reason Lack of precious natural resources (like oil, gold, gas, iron, copper etc.) was also cited by some as the reason for LICs' continued poverty.

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