What are the factor contributing to development of economi c growth?
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Improvements and increased investment in physical capital - such as roadways, machinery and factories - will reduce the cost and increase the efficiency of economic output. Factories and equipment that are modern and well-maintained are more productive than physical labor. Higher productivity leads to increased output.
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the various Factors playing vital role in economic growth of a country are.
1.Human resources
2.Natural resources
3.Capital formation
4.technology and development
5.Govt.expenditures
6.social and public factors
7.Efficient use of resources.
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