Question

Explain the factors which are responsible for economic development.
Civics question
5 Marker
Plz answer from you knowledge don't copy from anywhere.

Answer 1

Every country has a set of characteristics, such as natural resources and skilled manpower, that can influence their ability to build their economy. These are known as the economic factors, or the conditions of the economic environment within a country, which are a country's current economic condition and available economic resources that influence their capacity to further develop their economy.

In other words, economic development, or the process that increases a country's average standard of living by further enhancing the economy, can be affected by the current and available economic conditions.