Question
Explain five factors that may inhibit the National income expansion.
Answer
I. Natural resources - low quality/quantity of natural resource e.g interfile land/lack of minerals
II. Inadequate capital - leading use of outdated tools and equipment.
III. Inappropriate entrepreneurial skill - leading to low business activities /leading to low production of goods and services hence low rational income.
IV. Unqualified/inadequate labour - leading to low quality/quantity goods and services.
V. Inappropriate technology/outdate technology - low quantity and quality goods and service.
VI. Political instability - scaring away local and foreign investors hence low production activities.
VII. Negative attitude of citizen/workforce towards work
VIII. Low foreign investment - low production of goods and services
II. Inadequate capital - leading use of outdated tools and equipment.
III. Inappropriate entrepreneurial skill - leading to low business activities /leading to low production of goods and services hence low rational income.
IV. Unqualified/inadequate labour - leading to low quality/quantity goods and services.
V. Inappropriate technology/outdate technology - low quantity and quality goods and service.
VI. Political instability - scaring away local and foreign investors hence low production activities.
VII. Negative attitude of citizen/workforce towards work
VIII. Low foreign investment - low production of goods and services
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