explain any three determinants of economic development
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Explanation:
Economic factors as determinants of development include natural and human resources. ... Natural resources can be broadly divided into three categories viz. Bioclimatic resources (land, water, forests and climatic environment), Fossil Fuel and non-fuel mineral resources
Answered by
2
Answer:
The determinants of economicdevelopment are:
1. Accumulation of capital stock
2. Increase in the Labour Inputs
3. Technological advancement
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