Question

How the economic development of a country depends on its envirnoment?

Answer 1

In a country's economic development the role of economic factor is decisive . The stock of capital and rate of capital accumulation in most cases settle a question whether at the juven point of time a country will grow or not.

Answer 2

Answer:

Economic development is the process by which a nation improves the economic, political, and social well-being of its people. The term has been used frequently by economists, politicians, and others in the 20th and 21st centuries. The concept, however, has been in existence in the West for centuries. Modernization, Westernization, and especially Industrialization are other terms people have used while discussing economic development. Economic development has a direct relationship with the environment and environmental issues.

Whereas economic development is a policy intervention endeavor with aims of economic and social well-being of people, economic growth is a phenomenon of market productivity and rise in GDP. Consequently, as economist Amartya Sen points out, "economic growth is one aspect of the process of economic development".