Economy, asked by sneha955959, 7 days ago

economic development depends on

Answers

Answered by AainaJain
0

Answer:

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.

Answered by isha13518
0

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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