How industrial development impacts national development geography in your own wards
Answers
heya,
Every country has a set of characteristics, such as natural resources and skilled manpower, that can influence their ability to build their economy. These are known as the economic factors, or the conditions of the economic environment within a country, which are a country's current economic condition and available economic resources that influence their capacity to further develop their economy.
In other words, economic development, or the process that increases a country's average standard of living by further enhancing the economy, can be affected by the current and available economic conditions.While economic factors are not the only thing influencing economic development, they are important for understanding the capacity, or the ability of the economy to develop on their own. Important economic factors include:
Natural resources
Power and energy resources
Capital accumulation
Technological resources
Available labor force
Transportation and communications
Education and trainingEach of these factors influences the available economic resources and growth opportunities within a country.
make sure if u'll make me brainliest,it'll encourage me to do more...❤❤
(1) Industrial Development generate employment opportunities.
(2) Due to increase employment level, people get jobs and per capita income increases. This for the increases the standard of living of people.
(3) Industrial Development increases the value of the Gross National Product.
(4) Industrial Development increases the production of various goods. By exporting the surplus goods, country can earn foreign exchange. In this way, Industrial Development positively impact national development.