Question

How does finicial resource affect the development of country​

Answer 1

Answer:

Financial resource is must for the development. Even if we have enough natural and human resource, financial resource is must.Lets take an example to make this concept more clear. We do have human and natural resources for construction of road but we need cement bricks and many more construction materials.So it can only be afforded with finance. Without banks or any other such finance related resource it is very difficult to proceed for development.From a small task to huge one finance is must. Our infrastructures of development like industries, health , education all rely on money.Hence we can conculde that financial resource has some role in development of country.

Answer 2

Explanation:
Financial resources affect the development of a country in the following way: a) Development of economy - Financial resources lead to development of economy of the country, leading to generation of employment opportunities, reduction in poverty and overall nation's development