One of the most important factors in development is geography, where the country is in the world, and climate. ... Conversely, Europe and North America profit from huge tracts of very fertile land, a temperate climate, and good rainfall.
<span>Supply is a basic economic concept that
describes the total amount of a good or service that is available for
consumption. The law of supply is a central tenet of economic theory which
postulates that keeping other factors constant, an increase in price results in
an increase in quantity supplied.</span>