What are the social economic and non economic, Ask an Expert

Economics

What are the social economic and non economic factors?

Development is also a procedure involving change in some social economic and non economic factors comprising:

• Economic: structural change into sectors for example, through agriculture to manufacturing dominating GDP, improvement infrastructure;

• Social: people move through rural to cities leaving behind a manner of life;

• Cultural: for example, appointment on merit quite than on the origin of traditional loyalty to family or tribe

• Political: laws insisting on property rights and contracts come out

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M9579502

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