mention various factors that determine the development of country
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Factors that influence the Economic Development of a Country:
- Capital Formation
- Natural Resources
- Marketeble Surplus of Agriculture
- Conditions in Foreign Trade
- Economic System
- Human Resources
- Technical Know - How and General Education
- Political Freedom
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(i) Supply of Natural Resources;
(ii) Capital form action which depends upon the rate of domestic saving and investment and inflow of foreign capital;
(iii) Growth of population;
(iv) Technological Progress;
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