Among the following determinants of growth, which is a non-economic factor?

Natural resources

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Population growth

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Favourable legislation

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Capital accumulation

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Solution

The correct option is B Favourable legislation
Non-economic factors that play a significant role in economic development may be categorised as under:

Political Stability
Social infrastructure:
Public revenue and administration
Financial Inclusion
Favorable Legislation
Environment and resource availability

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Which of the following is a non-economic event?

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