Demand

Demand There are circular relationships known as the ‘vicious circles of poverty’ that tend to perpetuate the low level of development in Less Developed Countries (LDCs). Nurkse explains the idea in these words: “It implies a circular constellation of forces tending to act and react upon one another in such a way as to keep a poor country in a state of poverty. For example, a poor man may not have enough to eat; being underfed, his health may be weak; being physically weak, his working capacity - - Economics of Development and Planning