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Mention a few factors that determine the economic growth of a country. |
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Answer» (i) Economic growth depends on the size of the population of a country. We can see that in our country economic growth cannot cope with the problem of a bursting population of more than a billion people.(ii) It also depends on the global situation and cooperation from other countries. All developing countries need help of the rich and developed nations to grow.(iii) The policies of the government also affect economic growth of country. Increase in employment Increases GDP of countryGrowth of health and education system |
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