GROWTH DEVELOPMENT CHILD
GROWTH AND DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Natural resources
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Population growth
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Favourable legislation
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Capital accumulation
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Detailed explanation-1: -Favourable legislation is a non-economic factor of growth. Economic growth depends on natural resources, population growth and capital accumulation.
Detailed explanation-2: -Detailed Solution. Non-economic factor influencing economic development: Human Resources: Human resources is named human capital because of its power to increase productivity and thereby national income.
Detailed explanation-3: -There are four major determinants of economic growth: human resources, natural resources, capital formation and technology, but the importance that researchers had given each determinant was always different.
Detailed explanation-4: -The main determinants of economic growth are : Natural resources. Human resources. Technology.