3 years ago

Highlight the importance of projects for the development of a nation

1 answer:

Rudiy273 years ago

5 0

Answer:

The main purpose of a nation is its welfare. Government makes social and economic plans/policies to encourage economic growth and development.

In order to control the rate of inflation and increase the gross domestic product it is important to start off projects; both domestic and international. It would increase the productivity of labour and there would be stable balance of payments and balance of trade.

As a whole, this would increase the per capita income of the country. This would improve their living standards.

Explanation:

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