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Blank plays an important role in the economic development of the country support the statement with example?
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Blank plays an important role in the economic development of the count...
There are many ways in which blank (fill in a word or phrase) can play an important role in the economic development of a country. Here are a few examples:
- Education: Education is an important factor in economic development because it helps individuals acquire the knowledge and skills they need to be productive members of society. By investing in education, a country can increase the productivity and competitiveness of its workforce, which can drive economic growth.
- Infrastructure: Infrastructure refers to the physical structures and systems that support economic activity, such as roads, bridges, ports, airports, and utilities. Developing and maintaining infrastructure can make it easier for businesses to operate and for people to access goods and services, which can drive economic growth.
- Innovation: Innovation refers to the development of new ideas and technologies that can create new products and processes or improve existing ones. By fostering an environment that encourages innovation, a country can create new industries and businesses, which can drive economic growth.
- Trade: Trade refers to the exchange of goods and services between countries. By participating in international trade, a country can access a wider range of goods and services and tap into new markets, which can boost economic growth.
- Investment: Investment refers to the injection of capital into a business or project with the expectation of earning a return. By attracting foreign investment, a country can access capital and expertise from outside sources, which can help stimulate economic growth.
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Blank plays an important role in the economic development of the count...
Importance of Blank in Economic Development
Example to Support the Statement
In conclusion, blank areas are essential for the economic development of a country as they provide opportunities for various economic activities that contribute to overall growth and prosperity. Governments and policymakers must identify and utilize blank land effectively to harness its potential for sustainable development.
- Definition of Blank: Blank refers to the undeveloped or unused land that has the potential for economic activities.
- Role in Economic Development: Blank plays a crucial role in the economic development of a country by providing opportunities for growth and expansion.
Example to Support the Statement
- Industrial Development: Blank land can be used for setting up industries, manufacturing units, or industrial parks. This will lead to job creation, increased production, and overall economic growth. For instance, the development of industrial zones in Gujarat, India, has significantly contributed to the state's economic development.
- Infrastructure Development: Blank areas can be utilized for infrastructure projects such as building roads, bridges, airports, and ports. These developments not only improve connectivity but also boost trade and commerce, leading to economic prosperity. The construction of the Mombasa-Nairobi Standard Gauge Railway in Kenya is a prime example of how blank land can be utilized for infrastructure development to enhance economic growth.
In conclusion, blank areas are essential for the economic development of a country as they provide opportunities for various economic activities that contribute to overall growth and prosperity. Governments and policymakers must identify and utilize blank land effectively to harness its potential for sustainable development.
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Blank plays an important role in the economic development of the country support the statement with example?
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Blank plays an important role in the economic development of the country support the statement with example? for Class 10 2024 is part of Class 10 preparation. The Question and answers have been prepared according to the Class 10 exam syllabus. Information about Blank plays an important role in the economic development of the country support the statement with example? covers all topics & solutions for Class 10 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Blank plays an important role in the economic development of the country support the statement with example?.
Blank plays an important role in the economic development of the country support the statement with example? for Class 10 2024 is part of Class 10 preparation. The Question and answers have been prepared according to the Class 10 exam syllabus. Information about Blank plays an important role in the economic development of the country support the statement with example? covers all topics & solutions for Class 10 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Blank plays an important role in the economic development of the country support the statement with example?.
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