5 Reasons For Economic Development
September 6, 2022 ⚊ 1 Min read ⚊ Views 85 ⚊ BUSINESS
Economic development is the process of increasing the standard of living of an economy. Its growth is determined by a number of factors including the availability of skilled labor and the size of the labor force. While a surplus of labor is not an essential factor, it is not insignificant either. The number of skilled workers should be sufficient and they should possess the necessary skills and abilities. Another important factor in economic development is the availability of natural resources. These resources are produced by nature and are found on and beneath the surface of the earth. These
Tags: Economics Development, Economics Dictionary
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