The Causes Of Economic problem are as follows
1 Weak infrastructure- The underdeveloped countrieslack an adequate & efficient means of transport & communications ,a well organized & developed banking system & adequate facilities for technical education.
2 High population- when the population is high the major part of income goes in fulfilling the necessary wants,therefore the chances of savings & investments are less
3Lack of technological skills - It is another drawback of economic growth. old methods of production are less productive & inferior priority as compared to modern techniques
4 Under utilization of natural resource -The resources are not exploited fully due to various difficulties such as deficient of capital equipment in accessibility of natural resources,primitive techniques & small extent to market.
5.Foreign trade orientation -The country which exports raw materials instead of utilizing them & import finished goods.
6 Capital deficiency-It is also a crucial factor in fall of economic problem.Low amount of capital per head of population indicates the deficiency in capital
this happens due to low amount of investment which in turn is result of lack of entrepreneurship