What are the factors that affect economic development in any nation?

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Country’s population size

Economic priorities adopted by the Country

Amount of natural resources

All the above

answer is D.

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Detailed Solution

A country's population size, Economic priorities adopted by the Country, and the Number of natural resources are the factors that affect economic development in any nation.
Economic development refers to a set of policies and programs which helps to improve the economic well-being and the way of living of a community. The economic stability of a country cannot be achieved without economic development. The economic development of a country is based on many things like the Country's population size, availability of natural resources, the kind of governance adopted by the Country, and the economic priorities of the Country. The Country's vision for economic development and the measures taken to achieve it matter the most. If we compare the economy of India with the US and Russia, both are both more economically stable in today's time because of their approach toward economic development.

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