what is national development and 5 factors
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National development is a comprehensive term which includes improvement in living standard of the people, increase in per capital income, providing social amenities like education,medical care, social services, etc. to the citizens of the country.
- Factors that Influence the Economic Development of a Country
1) Capital Formation:
2) Natural Resources:
3) Marketable Surplus of Agriculture:
4) Conditions in Foreign Trade:
5) Economic System:
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