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Mention the factor that contributes to the economic development of the country.
- a)population size
- b)global situation
- c)economic priorities adopted by the country
- d)all of the above
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
Mention the factor that contributes to the economic development of the...
Factors that contribute to the economic development of a country:
1. Population Size:
- A large population can contribute to economic development by providing a large labor force and consumer base.
- However, the quality of education and healthcare services must also be considered to ensure a skilled workforce and healthy population.
2. Global Situation:
- The global economic situation can impact a country's economic development.
- Factors such as global trade, foreign investments, and geopolitical stability play a significant role.
- Favorable global conditions can result in increased exports, investments, and economic growth.
3. Economic Priorities Adopted by the Country:
- The economic priorities and policies adopted by a country can greatly influence its economic development.
- Governments may focus on sectors such as agriculture, manufacturing, services, or technology to drive growth.
- Policies related to taxation, foreign investment, trade regulations, infrastructure development, and innovation also impact economic development.
4. Infrastructure Development:
- The presence of well-developed infrastructure, including transportation, communication, energy, and water supply systems, is crucial for economic development.
- Efficient infrastructure facilitates trade, reduces transaction costs, and attracts investments.
5. Educational and Healthcare Systems:
- A well-educated and healthy workforce is essential for economic development.
- Investments in education and healthcare systems improve human capital, productivity, and innovation.
6. Natural Resources:
- The presence of abundant natural resources can contribute to economic development.
- However, proper management and sustainable use of resources are necessary to ensure long-term growth.
7. Political Stability and Good Governance:
- Political stability and good governance provide a conducive environment for economic development.
- They attract investments, promote business confidence, and ensure the efficient functioning of institutions.
8. Technological Advancement:
- Embracing technological advancements and promoting innovation drives economic development.
- Investments in research and development, digital infrastructure, and technology adoption can spur growth in various sectors.
In conclusion, economic development is influenced by various factors such as population size, global situation, economic priorities, infrastructure development, education and healthcare systems, natural resources, political stability, good governance, and technological advancement. These factors are interrelated and require careful consideration and planning by governments to ensure sustained and inclusive economic growth.
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1. Population Size:
- A large population can contribute to economic development by providing a large labor force and consumer base.
- However, the quality of education and healthcare services must also be considered to ensure a skilled workforce and healthy population.
2. Global Situation:
- The global economic situation can impact a country's economic development.
- Factors such as global trade, foreign investments, and geopolitical stability play a significant role.
- Favorable global conditions can result in increased exports, investments, and economic growth.
3. Economic Priorities Adopted by the Country:
- The economic priorities and policies adopted by a country can greatly influence its economic development.
- Governments may focus on sectors such as agriculture, manufacturing, services, or technology to drive growth.
- Policies related to taxation, foreign investment, trade regulations, infrastructure development, and innovation also impact economic development.
4. Infrastructure Development:
- The presence of well-developed infrastructure, including transportation, communication, energy, and water supply systems, is crucial for economic development.
- Efficient infrastructure facilitates trade, reduces transaction costs, and attracts investments.
5. Educational and Healthcare Systems:
- A well-educated and healthy workforce is essential for economic development.
- Investments in education and healthcare systems improve human capital, productivity, and innovation.
6. Natural Resources:
- The presence of abundant natural resources can contribute to economic development.
- However, proper management and sustainable use of resources are necessary to ensure long-term growth.
7. Political Stability and Good Governance:
- Political stability and good governance provide a conducive environment for economic development.
- They attract investments, promote business confidence, and ensure the efficient functioning of institutions.
8. Technological Advancement:
- Embracing technological advancements and promoting innovation drives economic development.
- Investments in research and development, digital infrastructure, and technology adoption can spur growth in various sectors.
In conclusion, economic development is influenced by various factors such as population size, global situation, economic priorities, infrastructure development, education and healthcare systems, natural resources, political stability, good governance, and technological advancement. These factors are interrelated and require careful consideration and planning by governments to ensure sustained and inclusive economic growth.
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Mention the factor that contributes to the economic development of the...
The factor that contributes to the economic development of the country :that is population size, global situation and economic priorities adopted by the country.
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Mention the factor that contributes to the economic development of the...
Factors contributing to the economic development of a country:
1. Population size:
- A larger population can lead to a larger labor force, which can drive economic growth through increased production and consumption.
- However, a very high population density can also strain resources and infrastructure, impacting economic development negatively.
2. Global situation:
- The global economic situation, such as trade agreements, political stability, and technological advancements, can greatly influence a country's economic development.
- Countries that are able to adapt to global trends and market demands often experience greater economic growth.
3. Economic priorities adopted by the country:
- The economic policies and priorities set by the government play a crucial role in determining the direction and pace of economic development.
- Policies related to investment, taxation, education, healthcare, and infrastructure development can either stimulate or hinder economic growth.
4. All of the above:
- All these factors, population size, global situation, and economic priorities, work together to shape the economic development of a country.
- For a country to achieve sustainable economic growth, it needs to consider and balance these factors effectively.
In conclusion, a country's economic development is a complex process that involves multiple factors working in tandem. By carefully managing population size, responding to global changes, and adopting appropriate economic priorities, a country can promote economic growth and improve the overall well-being of its citizens.
1. Population size:
- A larger population can lead to a larger labor force, which can drive economic growth through increased production and consumption.
- However, a very high population density can also strain resources and infrastructure, impacting economic development negatively.
2. Global situation:
- The global economic situation, such as trade agreements, political stability, and technological advancements, can greatly influence a country's economic development.
- Countries that are able to adapt to global trends and market demands often experience greater economic growth.
3. Economic priorities adopted by the country:
- The economic policies and priorities set by the government play a crucial role in determining the direction and pace of economic development.
- Policies related to investment, taxation, education, healthcare, and infrastructure development can either stimulate or hinder economic growth.
4. All of the above:
- All these factors, population size, global situation, and economic priorities, work together to shape the economic development of a country.
- For a country to achieve sustainable economic growth, it needs to consider and balance these factors effectively.
In conclusion, a country's economic development is a complex process that involves multiple factors working in tandem. By carefully managing population size, responding to global changes, and adopting appropriate economic priorities, a country can promote economic growth and improve the overall well-being of its citizens.
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Mention the factor that contributes to the economic development of the country.a)population sizeb)global situationc)economic priorities adopted by the countryd)all of the aboveCorrect answer is option 'D'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Mention the factor that contributes to the economic development of the country.a)population sizeb)global situationc)economic priorities adopted by the countryd)all of the aboveCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Mention the factor that contributes to the economic development of the country.a)population sizeb)global situationc)economic priorities adopted by the countryd)all of the aboveCorrect answer is option 'D'. Can you explain this answer?.
Mention the factor that contributes to the economic development of the country.a)population sizeb)global situationc)economic priorities adopted by the countryd)all of the aboveCorrect answer is option 'D'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Mention the factor that contributes to the economic development of the country.a)population sizeb)global situationc)economic priorities adopted by the countryd)all of the aboveCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Mention the factor that contributes to the economic development of the country.a)population sizeb)global situationc)economic priorities adopted by the countryd)all of the aboveCorrect answer is option 'D'. Can you explain this answer?.
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