What factors determine the National income of a country?

      

Give factors that determine the National income of a country.

  

Answers


Maurice
(i) Foreign investment in the country.

(ii) Type of governance and political situation in the country.

(iii)Attitudes of citizens towards work.

(iv) Natural resource endowment in terms of quantity and quality.

(v) Availability of capital/ man-made resources.

(vi) Human resource in terms of quantity and quality of labour force.

(vii) Social-cultural attitudes that have a bearing on development of entrepreneurs.

(viii) Technology in terms of methods or techniques used in production process.
maurice.mutuku answered the question on July 11, 2017 at 06:33


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