I believe it's either psychoanalytic theory or trait theory :)
Economic needs are essentials like house payment, car payment, water payment, electricity, phone whereas economic wants are luxuries, like going to the mall, movies, eating out often
International trade creates jobs by providing more positions depending on consumer demand, it shifts jobs by moving more people to a product that has a higher demand.
Answer:
Some countries are less developed than others because they lack resources and there are structural inequalities. Nepal is still a less developed country because of the rugged geography and endemic poverty of a large part of its population.
Explanation:
Using the Human Development Index Nepal is ranked as a medium in the human development category. The Human Development Index considers factors life expectancy
, average years of schooling, and the GNI per capita. Between 1990 and 2018 Nepal improved on these indicators by 52%. This is impressive for a country that in 1950 was still an isolated and highly agrarian society with very few schools or hospitals. There was a lack of roads and communication, and there was little to no electric power to fuel industries.
Today, agriculture still dominates the economy. About 65% are employed in agriculture and it makes up close to 32% of Nepal's GDP. Only about 20% of the terrain is cultivable. The rest is mountainous or forested and the economy is shored up by foreign remittances of workers who emigrate temporarily or semi-perminantly to other countries.
