What is the major source of development?
What is the major source of development?
virtually, everyone know what development is all about.
Development or economic development can be simply defined as sustainable grow and increase standard of living of the people in one particular country..jpeg)
Many Economists has formulated different theory and model to explain growth and development, some basing their arguments on capital accumulation, some on labour, some on technology, some on national output and saving rate while others on capital stock.
So what do you think accelerate development or how can less developing attained development?
- Saving rate
- Capital accumulation
- National output
- Technology
- Others
Answer the question at dpoll.xyz.
Voted for Technology,Others.
Population growth and stronger, richer middle class in developing countries (Asia, Africa, South America)
Voted for Others.
Collective intelligence on the coefficients of influence
Voted for National output.
Voted for Technology.
Voted for Technology.
Voted for Technology.
In broad strokes, technology enables resource extraction surpluses. At a foundational level is agricultural surplus which most societies achieved long ago. Then come other natural resource surplus, and more recently intellectual (or information) extraction surpluses.
It so far doesn't seem possible to jump steps in development. For each phase a society either needs to attain the surplus or have a consort society that provides it. This relationship need not be equitable to work. And often has not been.
Voted for National output,Technology,Others.
Bribery and corruption needs to be dealt with as well starting with government officials.
Voted for Technology.
Voted for Saving rate,Technology.
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