On what factors does the country’s economic development depend?

cbse
outcomesof-democracy
cbse-class-10
political-science
cbse-class-10-social

#1

On what factors does the country’s economic development depend?

Answer:
A country’s economic development depends on the following factors:

  • Country’s population, size
  • Its global situation
  • Cooperation from other countries
  • Economic priorities adopted by the country
    However, the difference in the rates of economic development between less developed countries
    with dictatorship and democracies is negligible.