Highly developed countries recognize and focus on the four factors that affect economic growth and development: human resources, physical capital, natural resources and advancements in technology.
A) Economic Factors in Economic Development: In a country’s economic development the role of economic factors is decisive. The stock of capital and the rate of capital accumulation in most cases settle the question whether at a juven point of time a country will grow or not. There are a few other economic factors which also have some bearing ...
Generally, the economic growth of a country is adversely affected when there is a sharp rise in the prices of goods and services. [paywall] Following are some of the important factors that affect the economic growth of a country: (a) Human Resource:
The main factors affecting economic development include. Levels of infrastructure – e.g. transport and communication. In recent years, economic development in Central Africa has been improved due to increased investment in roads, railways and seaports.
The factors affecting economic development are diverse and include issues that might seem at first to have little to do with advancement of technology, industry and living conditions. These ...
Factors Affecting Development. While economic factors are not the only thing influencing economic development, they are important for understanding the capacity, or the ability of the economy to ...
Sustainable economic growth is defined as the expansion of the productive potentials of an industry in the long run. It should result in higher standards of living, giving rise to employment and an increase in the real GDP of a country. Below are some factors that influence the economic growth and development of an industry. Inflation
Factors of Economic Development :- There are various factors which are responsible for economic development in any country. These vary from country to country. Anyhow following are the important factors which influence the social structure of any ...
Factors affecting economic and social development Factors affecting economic and social development. This section considers the economic and social development of the non-industrial world from two perspectives. First, we review what is known about development, both social and
Factors Affecting Child Development • Environmental Factors • Biological Factors • Interpersonal Relationships • Early Environments and Experiences; An environmental scan completed by the National Collaborating Centre for the Determinants of Health (2008b) assessed the challenges faced by professionals supporting early child development