Budget is very essential tool for the economic development of any 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.
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.
your a but
Standardized measures of economic development are used to identify the status of one's country, state, or local community.
Budget is very essential tool for the economic development of any country.
It isn't important.
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.
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.
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.
How much the economy is growing in that country
your a but
Standardized measures of economic development are used to identify the status of one's country, state, or local community.
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.
This is the sort of question best answered in a Doctoral Thesis
Economic development of a country ensures that the global economy becomes more stable. It also makes international business much easier and lucrative.
Economic development of a country ensures that the global economy becomes more stable. It also makes international business much easier and lucrative.