Quick Answer: What Is The Most Important Factor In The Development Of A Country?

Why development is important in a country?

Economic development is a critical component that drives economic growth in our economy, creating high wage jobs and facilitating an improved quality of life..

What is the most important factor of education?

Motivation is the most important factor influencing the learner. If the learner has no motivation to learn, any amount of force will be futile. More the motivation better will be the learning. In addition to motivation, the learner should have a definite goal.

What are the four basic elements of development?

Cognitive, emotional, physical, social form the crucial aspects of children’s development.

How a country is called developed?

A developed country—also called an industrialized country—has a mature and sophisticated economy, usually measured by gross domestic product (GDP) and/or average income per resident. Developed countries have advanced technological infrastructure and have diverse industrial and service sectors.

What is the most undeveloped country?

The Poorest Countries in the WorldDemocratic Republic of Congo. 2017 GDP per Capita: USD 439. … Mozambique. 2017 GDP per Capita: USD 429. … Uganda. 2017 GDP per Capita: USD 726. … Tajikistan. 2017 GDP per Capita: USD 777. … Yemen. 2016 GDP per Capita: USD 762. … Haiti. 2017 GDP per Capita: USD 776. … Ethiopia. 2016 GDP per Capita: USD 884. … Tanzania. 2017 GDP per Capita: USD 1037.More items…

How does lack of education affect development of a country?

The lack of schooling and poor education have negative effects on the population and country. The children leave school without having acquired the basics, which greatly impedes the social and economic development of these countries.

Why is education so important for economic growth and development?

Key Takeaways. The knowledge and skills of workers available in the labor supply is a key determinant for both business and economic growth. Industries with higher education and training requirements tend to pay workers higher wages.

What things are needed for the development of a country?

Five Easy Steps to Develop a CountryShare resources. Obviously, the fewer resources an average family uses, the lower the nation’s ecological footprint. … Promote education. … Empower women. … Negotiate strategic political relations. … Reform the systems of food and aid distribution.

What are the three elements of economic development?

The Elements of Economic DevelopmentThe creation of capacity.Resource analysis.Five basic objectives.Make existing employers more competitive.Encourage new employers.Capture more local dollars.Attract new employers.Access outside sources of capital.More items…

What are the key features of child development?

Children develop skills in five main areas of development:Cognitive Development. This is the child’s ability to learn and solve problems. … Social and Emotional Development. … Speech and Language Development. … Fine Motor Skill Development. … Gross Motor Skill Development.

Which is the most important factor of production?

Human capital is the most important factor of production because it puts together land, labour and physical Capital and produce an output either to use for self consumption or to sell in the market.

Why do we need development?

Answer: Development is good for people to enjoy basic human welfare such as clean water, accessible to health care facilities, sewage collection and disposal. People living in a developedcountry usually have a longer life expectancy than the people living in the rural areas.

What is development and why is it important?

The purpose of development is a rise in the level and quality of life of the population, and the creation or expansion of local regional income and employment opportunities, without damaging the resources of the environment. Development is visible and useful, not necessarily immediately, and includes an aspect of …

Why is education important for the development of a country?

Some advantages of education are: it boosts economic growth and increases the GDP of a country. It even reduces infant mortality rate, increases human life expectancy. Education is an important investment in a country as there are huge benefits.

What are 5 characteristics of a developing country?

Characteristics of Developing EconomiesLow Per Capita Real Income.High Population Growth Rate.High Rates of Unemployment.Dependence on Primary Sector.Dependence on Exports of Primary Commodities.

Why economic growth is important for a country?

Economic Growth is important because it is the means by which we can improve the quality of our standard of living . It also enables us to cater for any increases in our population without having to lower our standard of living.

Which is the most developing country in the world?

Top 10 Countries by GDP (PPP)GDP-PPP RankCountryGDP-PPP in USD trillions (2017 est.)1China$23.162United States$19.393India$9.474Japan$5.436 more rows•Nov 21, 2019

What are the main aspects of development?

Major domains of development include social-emotional, physical, language and cognitive. Beside above, what are the 5 aspects of development? These five aspects include: extraversion, agreeableness, openness, conscientiousness, neuroticism.

What is the important factor of curriculum?

There are various factors that influence Curriculum Implementation like the learners, resource materials and facilities, the teacher, the school environment, culture and ideology, instructional supervision and assessment.

How education can change a country?

Education can stimulate economic growth less directly, by increasing innovation, productivity, and human capital. And education also has a history of fostering positive social change, by encouraging things like political participation, social equality, and environmental sustainability.