Question

The economic development of a country is dependent on all of the following except Part 2 A. improving education. B. limiting protectionism in the world economy. C. establishing a stable system of property rights. D. promoting protectionist barriers.

Answer 1

The economic development of a country is dependent on all of the following except promoting protectionist barriers. Hence, option D is correct.

What is Economic Development?

• Economic and social development is the process through which the economic well-being and quality of life of a country, region, local community, or an individual are enhanced in accordance with specific aims and objectives, according to the economics study of the public sector.
• Although the phrase has been widely used in the 20th and 21st centuries, the idea has been around in the West for much longer.
• The terms "Westernization," "industrialization," and "modernization" are also frequently used when referring to economic progress. Prior to the 1960s, economic development programs tended to place more of an emphasis on infrastructure and industrialization than on reducing poverty.

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