Question

Factors that determine the national income of a country

Answer 1

factors that determine the national income of a country are :

1. natural resources 2. physical capital or infrastructure 3. population of labour

4. human capital and Technology

Answer 2

"""Several factors are determining the national income of a country such as the presence of natural and human resources.

Natural resources are the basis of the wealth of the country if they are adequately exploited.

However, to do so, the state must invest in the education of its human capital so that they have the necessary skills to utilise resources.

Technical knowledge and availability of capital along with political stability, foreign direct investment and trade advantages are also factors contributing to national income 

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