List the economic and non-economic factors determining development


#1

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 caste system, joint family system.
(iv) Political conditions of a country.