Question

11. Which factors have helped its development in this state?

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Answer 1

Explanation:

First we have to know that what is factor of development???

Economists generally agree that economic development and growth are influenced by four factors: human resources, physical capital, natural resources and technology. Highly developed countries have governments that focus on these areas.

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1) Capital Formation:

2) Natural Resources:

3) Marketable Surplus of Agriculture:

4) Conditions in Foreign Trade:

5) Economic System:

1) Human Resources:

2) Technical Know-How and General Education:

3) Political Freedom:

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