Indicators of economic development
- Increased supply of skilled labour
- reduced illiteracy
- Increased incomes.
- increased investment / entrepreneurship/capita accumulation
- Reducing political instability I improved political atmosphere
- Increased economic growth rates/output
- Increased utilization of the available resources.
- Improvement in techniques of production/technology.
- Increased infrastructural development
- Increased monetization of the economy/reduction in subsistence sector.
- Improving the quality of goods and services
- Increased market size / increased consumption
- Increased level of employment / reduced level of unemployment
- Rise in industrialization
- Decline in degree of conservatism/cultural rigidities
- Diversification of economy/reduced economic dependence
- Rising level of urbanization
CATEGORIES Economics
TAGS Dr. Bbosa Science
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