answersLogoWhite

0


Best Answer

we have a less developed economy because of the corruption of the government.

User Avatar

Wiki User

βˆ™ 15y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Why do you have a less developed economy?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What does ledc stand for?

what does LEDC stand for?Less economy developed country


Is Ghana a less developed economy?

Ghana is considered a third world country, so compared to the United States of America it is less developed.


What is the difference between developed nd developing countries?

A developed countries means that their economy is developed ,more GDP , high living standard.a less developed country means that their is lack of lletracy less GDP and GNP


What single characteristic separates more developed countries from less developed countries?

Good economy activity, And money (country income)


Is Panama less or more developed country?

Panama is a more developed country. It has low infant mortality rate and has a superior shipping economy and a relatively high GDP.


Whats the definition of residual versus mass poverty in developed versus less developed countries?

it is a situation in which a large section of people in economy are deprived of the basic necessities


On what natural resources was the New England economy basedand the southern economy what industries developed?

they developed an economy based on farming


How developed is Spain?

Spain is highly developed. It has a highly developed economy and advanced technological infrastructure relative to other less developed nations. It is one of the ten largest economies by either nominal GDP or GDP. It has a high GDP, thus would be described as developed. It has the twenty-third highest HDI and sixteenth highest OECD. It has sturdy technological infrastructure and has a strong economy.


Why do you think we have less economy in the Philippines?

The Philippines is less developed than otter countries because the last president is corrupt and they are hoping for a new government that will improve their country


Is Zambia more or less developed?

Zambia was quite developed by the 1960's. Since Independence, government, particularly under Kaunda, has meddled with many industries and basically ruined the economy.


How can fair trade help less developed countries?

Fair trade can help less developed countries by allowing them to trade easier with more advanced countries such as the United States. When they are able to trade their goods with richer countries, it helps their economy.


Is Mexico more developed or less developed?

Less developed.