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A main critical factor is the lack of cooperation bythe affluent.

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What are the factors that affect economic development?

The factors that affects economic development are 1. Unemployment. 2. Youth restiveness. 3. Government Policy. 4. Income level. 5. Population. 6. Other economic activities.


What is economic bad?

Ecomic bad may be defined as the factors which affect the development of economic activities.


What are the factors which lead to the failure of national development?

National development can fail due to a range of factors, including poor governance and corruption, which undermine effective policy implementation and resource allocation. Economic instability, often driven by external debt, inflation, or lack of investment, can also hinder progress. Additionally, social inequalities and lack of access to education and healthcare can limit human capital development, further stalling growth. Environmental degradation and inadequate infrastructure may also impede development efforts.


What factors would you use to measure the level of economic development in a country?

Geographers use general measures of development to analyze this progress


What are the prime factors of socio-economic development?

The prime factors of socio-economic development include education, which enhances human capital and productivity; economic growth, driven by industrialization and innovation; and governance, which ensures stability and effective policy implementation. Additionally, access to healthcare is crucial for improving the quality of life and workforce participation. Infrastructure development, such as transportation and communication systems, also plays a vital role in facilitating economic activities and connectivity.

Related Questions

Which factors did not influence the economic development of the US?

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What were the factors affecting economic development in Eisenhower administration?

critical components that affect development


What are the factors that affect economic development?

The factors that affects economic development are 1. Unemployment. 2. Youth restiveness. 3. Government Policy. 4. Income level. 5. Population. 6. Other economic activities.


What are the three factors affecting human development?

Factors that affect human development are: biological, environmental (socio-economic status), and psychological.


What is economic bad?

Ecomic bad may be defined as the factors which affect the development of economic activities.


How does geography impact the development of the eastern hemisphere?

Geography impacts the eastern hemisphere's development by influencing factors like climate, natural resources, and trade routes. For example, proximity to waterways can facilitate trade and economic growth, while rugged terrain can impede communication and infrastructure development. Additionally, access to fertile land and favorable climates can affect patterns of settlement and agricultural practices.


What are the factors hinder development planning?

Development planning can be hindered by several factors, including inadequate data and information, which can lead to poor decision-making. Political instability and lack of governmental support often disrupt planning efforts. Additionally, limited financial resources and capacity constraints in implementing projects can significantly impede progress. Socio-economic inequalities and resistance from local communities may also pose challenges to effective development planning.


What are limitations of development?

Limitations of development often include economic constraints, inadequate infrastructure, and lack of access to education and healthcare. Additionally, political instability and corruption can hinder effective governance and resource allocation. Environmental challenges, such as climate change and resource depletion, also pose significant barriers to sustainable development. These factors can create inequalities and impede progress in achieving long-term developmental goals.


What are the factors which lead to the failure of national development?

National development can fail due to a range of factors, including poor governance and corruption, which undermine effective policy implementation and resource allocation. Economic instability, often driven by external debt, inflation, or lack of investment, can also hinder progress. Additionally, social inequalities and lack of access to education and healthcare can limit human capital development, further stalling growth. Environmental degradation and inadequate infrastructure may also impede development efforts.


What are the factors which impede the implementation of adult basic education in Nigeria?

What are the factor which impede the implementation of adult basic education program


Regarding economic and social development?

Economic development focuses on increasing the standard of living and economic output of a country, usually measured by factors like GDP and income levels. Social development, on the other hand, is about improving the well-being and quality of life of individuals, encompassing factors like education, healthcare, and social protection. Both economic and social development are interconnected and important for overall societal progress and advancement.


What did William Stanley Jevons study?

He studied the effects of economic fluctuations of the limiting factors of coal production on economic development.