On what factors does the country's economic development depend
Answers
Answer:
Population : The large amount of population is also a valid reason for the establishment of a great amount of economic development to increase the income per capita for higher population of a nation. Marketing strategies : The economic development is completely dependent on the activities of the trading market.
Answer:
Factors on Country's economic development depend
Explanation:
Economists generally agree that economic development and growth are influenced by four factors: human resources, physical capital, natural resources and technology. Highly developed countries have governments that focus on these areas. Less-developed countries, even those with high amounts of natural resources, will lag behind when they fail to promote research in technology and improve the skills and education of their workers.
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