Question

Write the factors which are essential for the development of resources​

Answer 1

1) Resource accessibility: Resources should be made available to all people for optimum utilisation.

2) Skill: Upgrading to latest technologies and skills will ensure appropriate development of resources in the country.

3) Superiority of human resources: Knowledge gained by people plays an important role in resource development.

4) Past experiences of the people: People who have experienced the situations of resource scarcity in the past will clearly understand the importance and the finest consumption of resources in the future.

Answer 2

Answer:

Economists generally agree that economic development and growth are influenced by four factors: human resources, physical capital, natural resources and technology.