Certain factors which directly or indirectly affect the economic development, which may include political condition, degree of political stability, level of Education, improved literacy, rate of saving power of individual, Investment and mixture of public and private initiatives to increase economic potential. better infrastructure, reduced poverty and better health care.
Following are
the factors which directly affect the economic development
·
Levels of
infrastructure
·
Education
·
Levels of
inward investment
·
Levels of
savings/capital
·
Political
stability / Law and order
·
Labour
mobility
·
Foreign aid
·
Regional
effects
·
Natural
resources
·
Tax rates
and levels of corruption
·
Free trade
vs protectionism.
·
Tourism
