what are the factors that affect the development of resources?
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Answer:
Economists generally agree that economic development and growth are influenced by four factors: human resources, physical capital, natural resources and technology.
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Explanation:
Following factor helps in the development of resources-
Accessibility of resources-Resources should be in reach of all the people for optimum utilisation.
Skills-by upgrading latest skills and technologies ensure development of resources.
Human resources superiority-Knowledge of human being plays a vital role in the development of resources.
Past experiences-People who had experienced the scarcity of resources in the past know the importance of resources and they use resources judiciously in the future.
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