Definition of negative factors affecting development
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Development?
Economic development can mean a lot of different things. It can just refer to any growth in the value of an economy as a whole. But more generally, economic development is the continued, active efforts of the public and private sectors of a country that promote the standard of living and economic health of the country. The economic health of a country relates to the economic growth of the country (the dollar value growth I already mentioned) and the general freedom and competitiveness of the market in the country. Generally, as a country becomes more economically developed, the well-being of its citizens improves in a lot of ways: their health, education, security, freedom, and self-sufficiency.
But what factors affect economic development? In today's lesson, we're going to go over a few of the most significant factors that affect economic development: population, conflict, and environment.
Population
The effect of population growth can be positive or negative depending on the circumstances. A large population has the potential to be great for economic development: after all, the more people you have, the more work is done, and the more work is done, the more value (or, in other words, money) is created. So, surely this can be nothing but good. There's a reason that farmers often have a lot of kids - more kids means more workers.
But, unfortunately, it isn't that simple. In a country with abundant resources and money - a rich country - perhaps more people is a good thing. But that isn't always the case in countries with limited resources. Limited resources and a larger population puts pressures on the resources that do exist. More people means more mouths to feed, more health care and education services to provide, and so forth. So, population can be a mixed bag.
Economic development can mean a lot of different things. It can just refer to any growth in the value of an economy as a whole. But more generally, economic development is the continued, active efforts of the public and private sectors of a country that promote the standard of living and economic health of the country. The economic health of a country relates to the economic growth of the country (the dollar value growth I already mentioned) and the general freedom and competitiveness of the market in the country. Generally, as a country becomes more economically developed, the well-being of its citizens improves in a lot of ways: their health, education, security, freedom, and self-sufficiency.
But what factors affect economic development? In today's lesson, we're going to go over a few of the most significant factors that affect economic development: population, conflict, and environment.
Population
The effect of population growth can be positive or negative depending on the circumstances. A large population has the potential to be great for economic development: after all, the more people you have, the more work is done, and the more work is done, the more value (or, in other words, money) is created. So, surely this can be nothing but good. There's a reason that farmers often have a lot of kids - more kids means more workers.
But, unfortunately, it isn't that simple. In a country with abundant resources and money - a rich country - perhaps more people is a good thing. But that isn't always the case in countries with limited resources. Limited resources and a larger population puts pressures on the resources that do exist. More people means more mouths to feed, more health care and education services to provide, and so forth. So, population can be a mixed bag.
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