question_answer

List the economic and non-economic factors determining development.

Answer:

Economic Factors:

(i) Availability of national resources in abundance.

(ii) Adequate availability of capital.

(iii) Progress in science and technology.

(iv) Entrepreneurial ability.

(v) Human resource development.

(vi) Growth of population.

 

Non-Economic factors:

(i) Spread of education.

(ii) Desire for material betterment.

(iii) Social institutions like casts system, joint family system.

(iv) Political conditions of a country.