Question

how does financial resources affect the development of a country class 8

Answer 1

Explanation:

HERE IS YOUR ANSWER

SEE IN TODAY WORLD MONEY IS IMPORTANT AND TO DEVELOP A COUNTRY TO MAKE A COUNTRY ADVANCED ME NEED FINANCIAL RESOURCES ARE NEEDED THE BIGGEST EXAMPLE IS EDUCATION IN TODAY'S WORLD IF WE DO NOT HAVE SECURE FINANCE AND A BACKUP THEN WE CAN SEE BAD RESULTS IN FUTURE SO ITS HIGHLY IMPORTANT TO MANAGE FINANCIAL RESOURES

Answer 2

Financial resources affect the development of a country as without money other resources for developmental activities cannot be procured.

Explanation:  

• Financial resources affect the development of any country directly. If a country does not have apt financial resources, it will lack behind not only in economic development but also in social development.
• Social development is done by the government by way of various schemes and policies. The government can only provide benefits of these schemes if adequate funds are available. If funds are not available, the government would not be able to perform the social welfare function.
• If financial resources are not available, infrastructural development will also be hindered.
• Therefore, financial resources are a must for the development of any country.