Question

factos responsible for increasing economic activities.

Answer 1

Factors responsible for increasing economic activities include;

1.Absorvence of surplus labour into the agricultural sector has created ways for work in industrial and service sectors.

2.Development of technology has created new job avenues for people.For example, computers have provided jobs to many youths.

3.Development of infrastructure such as improved transportation networks have helped in maintaining good connection with the industries , factories and market place.This has helped in better business and other retail activities.

4.Good sources and availability of raw materials have helped in development of new industries which created job options.

5.Increase in literacy rate has also provided opportunities for people to get new jobs. Globalisation has also widened the field of economic activities especially in developing nations.

Answer 2

Answer:

Six Factors Of Economic Growth

Natural Resources. The discovery of more natural resources like oil, or mineral deposits may boost economic growth as this shifts or increases the country's Production Possibility Curve. ...

Physical Capital or Infrastructure. ...

Population or Labor. ...

Human Capital. ...

Technology. ...

Law.