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5. (a) State two economic characteristics of Less Developed Countries (LDCs) - Leaving Cert Economics - Question 5 - 2015
Question 5
5. (a) State two economic characteristics of Less Developed Countries (LDCs). Characteristic 1: Characteristic 2: (b) Outline one way Ireland (the Irish Governmen... show full transcript
Worked Solution & Example Answer:5. (a) State two economic characteristics of Less Developed Countries (LDCs) - Leaving Cert Economics - Question 5 - 2015
Step 1
Characteristic 1: Low per capita income
Answer
One economic characteristic of Less Developed Countries (LDCs) is a low per capita income. This signifies that the average income of individuals in these countries is significantly lower than that of developed nations, leading to widespread poverty and a lower standard of living.
Step 2
Characteristic 2: High levels of unemployment
Answer
Another characteristic is the high levels of unemployment. Many LDCs struggle with inadequate job opportunities, which can be attributed to various factors, including a lack of industrial development and poor infrastructure. This contributes to economic instability and exacerbates poverty.
Step 3
Outline one way Ireland (the Irish Government or Irish citizens) could support LDCs.
Answer
One way that Ireland could support LDCs is through increased financial aid. The Irish government could channel funds into LDCs to help them improve their infrastructure, healthcare, and education systems. Such support could facilitate sustainable development and economic growth within these countries.