A major factor contributing to the slow growth rate of less developed economies is

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Business

Joel Finley

27 August, 04:48

A major factor contributing to the slow growth rate of less developed economies is

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Ivan Pacheco · Answer 1

The lack of well-defined and enforceable property rights is the major factor when it comes to the slowing growth rate of the less developed economies. Properties provide a big percent when it comes to economy value, and without a proper property rights, collecting taxes will not be implemented well.