Answer:
Not only does corruption affect economic development in terms of economic efficiency and growth, it also affects equitable distribution of resources across the population, increasing income inequalities, undermining the effectiveness of social welfare programmes and ultimately resulting in lower levels of human
Explanation:
Compared to developed nations, developing nations have low high per capita income and GDP.
<h3>What are the difference between
developed nations,
developing nations?</h3>
The countries that are facing the beginning of industrialization are been regarded the Developing Countries.
In conclusion the Developed Countries have low per capita income as well as GDP as compared to Developing Countries., hence Compared to developed nations, developing nations have low high per capita income and GDP.
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Answer: Tax Cuts and Tax Rebates
Explanation:
Having more cash means companies have the resources to procure capital, improve technology, grow, and expand. All of these actions increase productivity, which grows the economy. A country may be wealthy, and powerful, but if its citizens live short or unhappy lives, Wealth is important only in so far as it encourages greater well-being. Invest in technology, human capital, and physical capital. Provide incentives of a market-oriented economic context. Work to reduce government economic controls on market activities. Deregulate the banking and financial sector. Reduce protectionist policies.
