Question

How does finicial resources influence the development of nation.

Answer 1

Answer:

Financial resources affect the development of a country in the following way: a) Development of economy - Financial resources lead to development of economy of the country, leading to generation of employment opportunities, reduction in poverty and overall nation's development

Answer 2

Financial resources affect India's economy, infrastructure and its trade in many ways.

Explanation:

Financial resources affect the development of a country in the following way:

a) Development of economy - Financial resources lead to development of economy of the country, leading to generation of employment opportunities, reduction in poverty  and overall nation's development.

b) Development of Infrastructure - Financial resources generate surplus money for development of country's infrastructure, amenities and facilities. They also lead to development of education, medical and employment infrastructure of the country.

c) Trade with other countries - If the company has low financial resources it will lead to weakening of the country's currency and thus affecting its trade relations with other countries.

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