Name and Explain Major Fundamental Factors of Growth

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The Answer is The major fundamental factors of growth can be categorized into three main areas: economic, social, and environmental.

Economic factors include things like investment in infrastructure, technological innovation, access to capital, and a stable and efficient regulatory environment. These factors are crucial for creating an environment where businesses can thrive and create jobs, leading to overall economic growth.

Social factors include things like education and healthcare. A well-educated and healthy population is better equipped to contribute to economic growth and innovation. Additionally, social factors also include things like political stability, social cohesion, and the rule of law, which are all important for creating a conducive environment for growth.

Environmental factors include things like access to natural resources, environmental sustainability, and climate change. A healthy environment is essential for long-term economic growth, and it is important to consider the impact of growth on the environment in order to ensure sustainable development.

Overall, these fundamental factors of growth are interconnected and mutually reinforcing. By addressing these factors, policymakers and businesses can create an environment that is conducive to sustainable and inclusive growth.

Name and Explain Major Fundamental Factors of Growth

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Name and Explain Major Fundamental Factors of Growth

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