Question

Explain, in-depth, one of the five obstacles to economic development in 4-5 sentences, in your own words Give specific examples from a developing country

Answer 1

Answer

One of the obstacles to economic development is Overpopulation.

Overpopulation refers to a population which exceeds its sustainable size within a particular environment or habitat. The result of it is that the limited resources that a nation might have are not adequate and thus, the country has to import most of the times. The country has to take loans and is usually in a vicious circle of laon plus interest re-payments.

For example- India, though has well educated workforce, lacks in economic development due to overpopulation.