Question

Factors affecting economic growth can be broadly classified into which two categories?

• A. Economic and financial factors
• B. Economic and non-economic factors
• C. Political and social factors
• D. Technological and demographic factors

Answer 1

Answer:

B. Economic and non-economic factors

• Factors affecting economic growth are broadly categorized into economic factors (such as natural resources, human capital, investment, entrepreneurship) and non-economic factors (like social, political, and demographic factors)