Many developing countries from Middle East to South America have attempted to master the process of development but have failed.
And one of the major reasons behind this is "Domestic Monopoly Power." Most of these countries are trapped in their local markets and do not open their markets internationally.
Domestic group interests have small incentives to open up their markets to international firms with advanced technologies.
However, if they even try to open their borders, they still remain trapped in low or middle levels of income.That's why poor countries remain poor over the period of time.
The answer is B. Economic.
In sociology, the terms industrial, pastoral, and pre-industrial, are used to describe different types of societies that have existed throughout history. This categorization is based on the main economical activity of a society and there have been pre-industrial societies, and pastoral societies. However, the term economic society doesn't exist because every society, no matter its main economical activity, has had its own economic system.
I’m not sure try using Socratic... B
Your answer would be overprovision I believe
