Question

Suggest the factors which contribute to the economic development of a country.

Answer 1

Answer: according to the economist there are mainly four factors which contribute to the economic development of a country.

1.human resources

2.physical capital

3.natural resources

4.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.

Explanation:

Answer 2

Answer:

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.

Explanation: