Question

Explain the significance of economic factors involved in the development of poor nation​

Answer 1

$\huge\mathfrak\pink{Solution:-}$

ғᴀᴄᴛᴏʀs ᴀғғᴇᴄᴛɪɴɢ ᴇᴄᴏɴᴏᴍɪᴄ ᴅᴇᴠᴇʟᴏᴘᴍᴇɴᴛ

• ʟᴇᴠᴇʟs ᴏғ ɪɴғʀᴀsᴛʀᴜᴄᴛᴜʀᴇ – ᴇ.ɢ. ᴛʀᴀɴsᴘᴏʀᴛ ᴀɴᴅ ᴄᴏᴍᴍᴜɴɪᴄᴀᴛɪᴏɴ.

• ᴇᴅᴜᴄᴀᴛɪᴏɴ.

• ʟᴇᴠᴇʟs ᴏғ ɪɴᴡᴀʀᴅ ɪɴᴠᴇsᴛᴍᴇɴᴛ.

• ʟᴇᴠᴇʟs ᴏғ sᴀᴠɪɴɢs/ᴄᴀᴘɪᴛᴀʟ ɪɴ ɢʀᴏᴡᴛʜ ᴍᴏᴅᴇʟs, sᴜᴄʜ ᴀs ʜᴀʀᴏᴅ ᴅᴏᴍᴀʀ, ʟᴇᴠᴇʟs ᴏғ sᴀᴠɪɴɢs ᴀɴᴅ ᴄᴀᴘɪᴛᴀʟ ᴀʀᴇ sᴇᴇɴ ᴀs ᴀ ᴋᴇʏ ғᴀᴄᴛᴏʀ ɪɴ ᴅᴇᴛᴇʀᴍɪɴɪɴɢ ᴇᴄᴏɴᴏᴍɪᴄ ɢʀᴏᴡᴛʜ.

ʜᴏᴘᴇ ɪᴛ ʜᴇʟᴘs, ᴛʜᴀɴᴋ ʏᴏᴜ!