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TEA [102]
2 years ago
6

Which factors contribute to the economic growth of newly industrialized countries? (Check all that apply.)

Business
1 answer:
Vesna [10]2 years ago
8 0

Factors contributing to the economic growth of newly industrialized countries are options (a),(b), and(c) i.e, orientation toward exports, political stability, and encouragement of self-employment.

<h3>What are newly industrialized countries?</h3>

The term "newly industrialized country" (NIC) refers to a nation whose national economy has recently shifted from being based mostly on agriculture to being focused primarily on goods-producing industries, such as manufacturing, construction, and mining.

Enhanced economic freedom, increased personal freedom, a shift from agricultural to manufacturing, the presence of major national firms, significant foreign direct investment, and rapid urban center growth are some characteristics that are frequently observed in NICs.

The complete question is:

which factors contribute to the economic growth of newly industrialized countries? check all that apply.

a. orientation toward exports

b. political stability

c. encouragement of self-employment

d. low rates of domestic savings

To know more about NIC refer to:   brainly.com/question/16556925

#SPJ4

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