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Why the budget is important in a country?

Budget is very essential tool for the economic development of any country.


What is the important of physical education and sports to national recovery and to economic development to the country?

It isn't important.


How does entrepreneurship help in the economic development of a country?

The most important way entrepreneurship helps the economic development of a country is by creating jobs. People who are working have to spend money to live. Therefore the money is recycled back into the community and in turn, through taxes, the country.


What is the role of public enterprises in national and economic development?

They have the ability to influence inflation / deflation and so setting a price in different areas which probably can lead to a development depending on the circumstances. This was an example of the national development and the role of public enterprises within that. However they also play an important part in the economic development of an area / a country. They influence spending and have got the 'power' to change services in (rural mostly) areas.


What is the importance of power resources of a country?

Energy sources plays a very important role in the economic development of a country. A country having well developed sources of energy has a better chance of development rather than a country having less energy sources.


What is mean by economic development?

How much the economy is growing in that country


What are the demographic characterists with a country with a high level of economic development?

your a but


Are economic development measures standardized?

Standardized measures of economic development are used to identify the status of one's country, state, or local community.


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.


Outline and discuss the major function of finance and deduce how important it is in effecting the economic development of a country?

This is the sort of question best answered in a Doctoral Thesis


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.