Per Capita Income, National Income and Contribution to GDP
List the econ...
Question
List the economic an dnon-economic factors determining development.
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Solution
At present the development is measured by both economic and non-economic factors.
Economic factors- per capita income and the GDP of a country are the economic factors that influence development.
Non-Economic factors- educational levels of the citizens, their health status, standard of living , life expectancy, employment rate are some social factors that also determine development levels.