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The 3rd Vicious Circle of Poverty

Learn Economics Easily! In this lecture you will understand the third vicious circle of poverty. Since the development of Natural Resource is dependent upon the productive capacity of the people of the country , hence if the people are illiterate, unskilled , backward , then it will result into poor productive capacity and this will translate into under-utilised , unutilized and misutilised natural resources. Hence we can say that people are backward because of underdeveloped natural resources Therefore underdeveloped Natural Resources are both a consequence and cause of backward people. #3rdviciouscircleofpoverty #Thirdviciouscircleofpoverty #thirdviciouscircle #Viciouscircleenvolopingoutofunderdevelopednaturalandhumanresource This course is intended for BA, Bcom, BSc, BBA, BBA-IB, BBA-CA, MBA Basics and also the MA and MSc courses in Economics. This course will also serve those who are taking up their intermediate levels or A-levels. Hope you like our efforts. We will also be uploading video series on 1. Macroeconomics 2. International Economics 3. Economics of Growth and Development 4. Indian Constitution 5. Physical Geography 6. Environmental Sciences 7. Behavioural Economics If you like our efforts and if you have any suggestions please feel free to write to us @ [email protected] Don’t forget to LIKE I COMMENT I SHARE I SUBSCRIBE