BUCU 003: Development Studies
| Institution | MOUNT KENYA UNIVERSITY |
| Course | SCHOOL OF SOCIAL STU... |
| Year | 1st Year |
| Semester | Unknown |
| Posted By | Brian Mike |
| File Type | |
| Pages | 69 Pages |
| File Size | 773.43 KB |
| Views | 6961 |
| Downloads | 0 |
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Description
Underdevelopment means a situation where resources are not used to their full socio-economic potential, with the result that local or regional development is slower in most cases than it should be. Furthermore, it results from the complex interplay of internal and external factors that allow less developed countries only a lop-sided development progression. Underdeveloped nations are characterized by a wide disparity between their rich and poor populations, and an unhealthy balance of trade. Symptoms of underdevelopment include lack of access to job opportunities, health care, drinkable water, food, education and housing some of the world poorest.
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Consequently, we could have the following forms of business ownership:
i. sole proprietorship
ii. partnership
iii. limited liability company
iv. cooperative
v. public corpora
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