Human resources, physical capital, natural resources, and technology are the factors that have a high correlation to development.
Development is the process of growth, the acquisition of new knowledge, or an occasion. The transformation of a caterpillar into a butterfly is a good illustration of development. The development would be new information regarding a local robbery. A neighborhood of condos designed for senior citizens is an example of development.
By enhancing people's knowledge and abilities, human capital has an impact on economic growth and can contribute to the development of an economy.
The amount of skilled labor required depends on the rate of economic expansion brought on by consumer and company investment.
Better employment conditions have historically been produced through investing in workers in economies all over the world.
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