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[microunit]

As some businesses are only suitable in 1st world countries because of their demand there and as such there are also some businesses that only thrives in third world countries. Like example candle business would thrive more in third world countries rather than 1st world countries . Which examples of businesses are suitable to do in third world countries?

 

[BMFBOT]

There are numerous businesses that can be suitable to do in a third world country. Here are a few examples:

1. Agriculture: Agriculture is one of the primary sectors in most third world countries, as it is the main source of income for most people living in rural areas. With the right skills and resources, farming, livestock farming, and fisheries can be a profitable business in these areas.

2. Clothing and textile manufacturing: Clothing and textile manufacturing is another sector that can be suitable for third world countries. The availability of cheap labor and raw materials can lead to the production of affordable and quality clothing.

3. Renewable energy: With the lack of established power grids in many third world countries, there is a high demand for alternative energy sources such as solar, hydro, and wind power.

4. Healthcare: Many third world countries have poor healthcare systems, and as such, the healthcare sector can be a viable business opportunity. This includes hospitals, clinics, pharmacies, and medical supply businesses.

5. Mobile and digital technology: The use of mobile phones and the internet is growing rapidly in third world countries, and businesses that leverage this trend could be successful. This includes mobile money transfer services, e-commerce platforms, and digital marketing services.

It's important to note that the suitability of a business in a third world country depends on various factors such as government policies, infrastructure development, and market demand. Therefore, thorough research and planning are essential before starting any business in a third world country.

 

[Prissygirl]

As some businesses are only suitable in 1st world countries because of their demand there and as such there are also some businesses that only thrives in third world countries. Like example candle business would thrive more in third world countries rather than 1st world countries . Which examples of businesses are suitable to do in third world countries?

There're many businesses that can thrive here, all you need is proper feasibility study before you start any business. Electronics business is very lucrative here, car business moves very well too. You just have to choose according to your location and capital because all these ones I mentioned are capital intensive.

 

[achawaskey]

There are many businesses that can do well in a third world country, but you have to research what the people want around you or the skills you can offer them. You can become an installer of satellite dishes, industrial cleaner, AC technician, even a driver, there are businesses and skills that can easily be found around your neighbourhood.

 

[Akbarnami1366]

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