explain the factors responsible for the development of any country
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the factor which are responsible for the development of any country are as follow
1.) Natural resources
2) Marketable surplus or agriculture
3.) conditions in foreign trend
4.) Economic system
hope this will help you
1.) Natural resources
2) Marketable surplus or agriculture
3.) conditions in foreign trend
4.) Economic system
hope this will help you
Answered by
3
Factory effecting economic development of the county are :
1. Land
2. Labour
3. Phycal capital
4. Human capital
1. Land - Land is the basic natural resources which is required as an input in every production activity.
It is limited in nature.
2. Labour - It refers to the physical and mental effort that is put by human being in every production activity.
3. Physical capital - It refer to raw material, machine etc which is required in every production activity.
It further more divided into two parts :
1. Fixed capital
2. Working capital
4. Human capital - It refers to the knowledge by put by human being to put together land, labour and physics capital to produce an output.
...........HOPE IT HELP U DUDE............
1. Land
2. Labour
3. Phycal capital
4. Human capital
1. Land - Land is the basic natural resources which is required as an input in every production activity.
It is limited in nature.
2. Labour - It refers to the physical and mental effort that is put by human being in every production activity.
3. Physical capital - It refer to raw material, machine etc which is required in every production activity.
It further more divided into two parts :
1. Fixed capital
2. Working capital
4. Human capital - It refers to the knowledge by put by human being to put together land, labour and physics capital to produce an output.
...........HOPE IT HELP U DUDE............
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