Question

How does the financial resource affect the development of a country?

Answer 1

Answer:

Explanation:

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

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.

The accumulation of international reserves and lower levels of external debt allow some developing countries to protect themselves from the rapid deterioration of capital flows. But the contraction of credit, its high cost and the volatility of portfolio investments have already led to a contraction of financial flows.

Answer 2

The financial assets of a rustic are one in every of the largest muscle mass that a rustic can have. Take a have a take a observe a town like Dubai, it's far nearly a dream-like town because of the huge monetary assets that they have.

financial assets :

• One significance of financial assets is the cap potential to dictate the destiny of the country with all opportunities considered.
• Financial assets lessen the Debt stage of a rustic. Debt is because of a loss of monetary assets.
• Allows complete improvement and care of the citizen of the country.
• Economic Superiority- international locations which have monetary assets have a great deal greater complicated and complex economies.

Affects on economic assets :

• Economic improvement desires a balanced increase which may be attained through propelling the increase in all sectors, simultaneously.
• The economic machine enables allocate financial savings into funding channels. It enables mobilizing financial savings and making higher use of those budgets through permitting investments in diverse sectors of the economy.

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