on what basis does the economic development of a country depend
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In real sense, economic growth is related to increase in per capita national output or net national product of a country that remain constant or sustained for many years. Economic growth can be achieved when the rate of increase in total output is greater than the rate of increase in population of a country.
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Economic development depends on several factors: i Country's population size ii Global situation iii Cooperation from other countries iv Economic priorities adopted by the countryDemocracy does not appear to be successful in reducing economic inequalities..
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