.What are the three determinants of economic development?
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Humans resources, Natural resources and Technology are the three determinants that developed the economic growth.
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Some features of economic development are as follows:
- Economic development leads to better facilities, increase in per capita income and high economic growth.
- The economy can be transformed from agrarian to industrial.
- It also tends to more technology revolution that can ultimately increase the level of production.
- Overall development of a country can be increased.
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