Question

Saving gap and Technological & Management gap

28 Feb 2023
Answer :
Word Count : 215
AspectSaving GapTechnological & Management Gap
DefinitionThe difference between the domestic savings and the investment required for development.The gap between the technological advancements and management practices in a country compared to developed nations.
Factors ContributingLow savings rate, limited access to capital markets, insufficient domestic investment.Lack of advanced technology, outdated management practices, insufficient R&D investment.
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