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Name one developed and one developing economy which you have studied - Leaving Cert Geography - Question i - 2008
Question i
Name one developed and one developing economy which you have studied. (ii) In the case of each of the economies named in (i), explain one problem associated with ea... show full transcript
Worked Solution & Example Answer:Name one developed and one developing economy which you have studied - Leaving Cert Geography - Question i - 2008
Step 1
Step 2
In the case of each of the economies named in (i), explain one problem associated with each.
Answer
For the United States, a major problem is income inequality, which has been exacerbated by the increasing wealth gap between the rich and the poor. This can lead to social unrest and reduced economic mobility.
In the case of India, a significant problem is poverty. Despite economic growth, a substantial portion of the population still lives below the poverty line. This hampers overall development and access to basic necessities such as education and healthcare.