Economic development of a country depends upon which of the following factors?

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The size of the country’s population

Relations with other countries

Economic policies adopted by the country

All of the above

answer is D.

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Detailed Solution

The economic development of a country depends on factors like the size of the country's population, global situation, relations with other nations, economic policies adopted by the country, etc.
In the period of globalization, nations need a professed labour force, demand for commodities and services, relations among nations, and universal cooperation for economic growth. Dictatorships have a marginally more significant economic growth rate when considering all democracies and all dictatorships between 1950 and 2000. Democracy's general inability to attain higher economic development is problematic. But this alone should not be grounds to dismiss democracy. This is because economic growth depends on many factors like population size, global conditions, international cooperation, and financial priorities adopted by each nation.

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