Q.

On which of the following factors the economic growth of a country depends? Identify from the given options.


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a

Territory or area of the country

b

Global Scenario

c

Size of the country’s population

d

Cooperation among the various nations 

answer is D.

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Detailed Solution

The economic growth of a country depends on cooperation among various global nations.
Economic growth is a word used in economics to describe a long-term increase in the economy's productive potential to meet the needs of individuals in society. The progress of a country, both economically and in other ways, is referred to as development. Countries must work together to ensure that growth is realised. When countries cooperate in pursuing a common goal, the goal is more likely to be met sooner than if each country worked independently. 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.
 
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On which of the following factors the economic growth of a country depends? Identify from the given options.