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Explain five factors that may lead to an increase in the level of national income of a country

      

Explain five factors that may lead to an increase in the level of national income of a country

  

Answers


Isaac
High quality labour force/qualified human resources such labour is paid higher salaries which increase the national income

High natural resource endowment/land/gifts of nature;increases production of goods,can generate more incomes

More export trade:-This increases foreign exchange earnings that is a major component in National in come

High level of entrepreneurial culture-this encourages hard work,more output and thus more incomes are earned
Good governance/political stability-This attracts more investments and saving and therefore more output.This increases incomes
isaacmuthini answered the question on October 11, 2017 at 09:34


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