economic development depends on
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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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Explanation:
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.
Economic development depends on the following factors:
- Size of the country.
- Global situation of the country.
- Cooperation from other countries.
- Economic priorities adopted by the country.
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