Q. Which of the following is a non-economic element ingrowth of the country?
(a) Social Behaviour
(b) Natural resources
(c) Energy resources
(d) Capital resources
Answer: a
Read more: Must Read Books for Competitive Exams
Factors determining economic development:
- Economic Factors: Natural Resources including energy resources, Labour force and Population, Capital formation, Technology and Innovation, Capital output ratio and Organization
- Non-economic Factors: Social component, Religious component, Political component, International component and Scientific component
Related:
Which of the following correctly explains that India is an underdeveloped economy?
It will be true to classify India as?
Which of the following is main characterstics of Indian Economy?