Geography, asked by laiba63, 1 year ago

the economy of any country depends on which factor

Answers

Answered by izmatasneen
56

The economy of a country depends on many factors:-

1.Natural Resources. The discovery of more natural resources like oil, or mineral deposits may boost economic growth as this shifts or increases the country's Production Possibility Curve. ...

2.Physical Capital or Infrastructure. ...

3.Population or Labor. ...

4.Human Capital. ...

5.Technology. ...

6.Law.


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Answered by bratislava
4

The economy of any country depends on which factor.

Explanation:

  • Economic development and the growth of the nations are dependent on the factors that are affected by the human resource capital resources physical and the natural resources and this depends on the great diversity of the mineral resources as the coal, natural gas, and other oil reserves.
  • Land, labor, and capital are the major resources that affect the development and the formation of the company is a classical term that is called as the factor of endowments. The economy depends on the legal, political and the economic characteristic of the country.
  • Other factors include the population education system and the security and the technology, Infrastructure, and health and the financial system affected by themselves of the technological development and the research and development along with the military intelligence.

Know more about the economy of any country depends on which factors.

  • https://brainly.in/question/7548351 answered by  Izmatasneen
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