Which of the following is not a major problem of economic development in developing countries? Inadequate
Answer Details
The option that is not a major problem of economic development in developing countries is "natural resources". Natural resources, such as oil, minerals, and agricultural products, are often considered an advantage for developing countries. The major problems of economic development in developing countries include inadequate capital, technical know-how, transportation facilities, and infrastructure.
Inadequate capital refers to the lack of investment and financial resources needed to support economic growth and development. Technical know-how refers to the lack of knowledge and expertise in areas such as science, technology, and engineering, which can hinder the development of industries and new technologies. Transportation facilities refer to the lack of adequate transportation infrastructure, such as roads, railways, and ports, which can limit trade and economic growth. Infrastructure refers to the lack of basic public services, such as water supply, sanitation, and healthcare, which can impact the quality of life and productivity of the workforce.