what are the factors that influence the development of resources
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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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Some of the factors affecting the development of resources are -
• Availability of proper Infrastructure.
This is infact the most important factor as sans it, no further action is possible.
• Prior knowledge of the site and proper brain to cope up with any upcoming trouble.
• Money in hand. This is kind of another basic requirement.
• Availability of a power source.
• Proper and trained labours supply.
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