Podcast
Questions and Answers
What is one of the economic factors that contributes to economic development?
What is one of the economic factors that contributes to economic development?
Which of the following is a non-economic factor in economic development?
Which of the following is a non-economic factor in economic development?
What is the desire to develop, in the context of economic development?
What is the desire to develop, in the context of economic development?
What is the role of technical know-how and general education in economic development?
What is the role of technical know-how and general education in economic development?
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What is the relationship between natural resources and economic development?
What is the relationship between natural resources and economic development?
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What is the relationship between health and economic growth?
What is the relationship between health and economic growth?
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What does the mortality rate variable indicate?
What does the mortality rate variable indicate?
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What are some other important indicators of the impact of economic growth on health?
What are some other important indicators of the impact of economic growth on health?
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What is the relationship between economic growth and health care?
What is the relationship between economic growth and health care?
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What is a key factor in the environment that affects health?
What is a key factor in the environment that affects health?
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Study Notes
Determinants of Economic Development
Economic Factors
- Capital Formation: a crucial factor in economic development
- Natural Resources: availability and utilization of natural resources impact economic development
- Marketable Surplus of Agriculture: surplus agricultural produce that can be sold or traded, contributing to economic growth
- Conditions in Foreign Trade: favorable trade conditions and policies can promote economic development
- Economic System: the type of economic system in place, such as capitalist or socialist, influences economic development
Non-Economic Factors
- Human Resources: availability and quality of human capital, including skills and education, affect economic development
- Technical Know-How and General Education: technical skills and education level of the population can drive economic growth
- Political Freedom: political stability and freedom can create an environment conducive to economic development
- Social Organisation: social structures and institutions can either facilitate or hinder economic development
- Corruption: the presence of corruption can negatively impact economic development
- Desire to Develop: a strong desire to develop and improve living standards can drive economic growth
Health and Economic Growth
- The relationship between health and economic growth is interchangeable, meaning they affect each other.
- Mortality rate is a key indicator that shows the impact of economic growth on general health status.
Health Indicators
- Level of nutrition is an important indicator of general health status.
- Access to good healthcare is a significant indicator of general health status.
- Hygiene and environment are also important indicators of general health status.
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Description
Test your knowledge on the determinants of economic development, including economic and non-economic factors, natural resources, human resources, and more.
