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Why manufacturing sector is considered the back bone of economic development of the country?
Wiki User
∙ 8y ago
It is not necessarily so. Some countries have their economy based on other things.
Banking, tourism etc., may be the mainstay of a countries economy.
Countries that have manufacturing as their principle earner are well developed and have the resources to do so.
Wiki User
∙ 8y ago
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Is lack of economic development a pressing problem for Mexico?
Yes. That is why Mexico is considered a developing country.
Is azerbaijan LEDC country?
Azerbaijan is classified as a developing country, often referred to as a middle-income country. It is not considered a Least Developed Country (LDC), but it faces challenges in areas such as economic development, infrastructure, and social development.
The development of manufacturing and other industry in a society or country?
industrialization
What are the demographic characterists with a country with a high level of economic development?
your a but
What is mean by economic development?
How much the economy is growing in that country
Are economic development measures standardized?
Standardized measures of economic development are used to identify the status of one's country, state, or local community.
What effect does a country's economic development have on international business?
Economic development of a country ensures that the global economy becomes more stable. It also makes international business much easier and lucrative.
. What effect does a country's economic development have on international business?
Economic development of a country ensures that the global economy becomes more stable. It also makes international business much easier and lucrative.
What information would be least helpful in measuring the economic development of a country?
hardly is something least helpful in measuring economic status of a country
What country's economic development benefits from its abundant energy resources?
Russia.
What is the base for a country to be classified into construction sector manufacturing sector and service sector?
I would put it this way: Construction sector. This would mean a country that undertakes to spin it economy from construction of buildings,bridges,infra structures for its economic development and per capita income. manufacturing sector. This would mean a country that relies on manufacturing for export and derives its income from such exports. service sector. this would mean a country that derives its per capita income from services rendered localy.
Why the budget is important in a country?
Budget is very essential tool for the economic development of any country.
