Social economic and non economic factor in development, Business Economics

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What are the social economic factors and non economic factors in the development process?

Development is a process including change into a number of social economic and non economic factors comprising:

a. Economic: structural change within sectors for example, from agriculture to manufacturing dominating GDP or enhanced infrastructure;

b. Social: people shift through rural to cities leaving behind a manner of life;

c. Cultural: As an example, appointment onto merit quite than on the basis of traditional loyalty to tribe or family

d. Political: There laws enforcing property rights as well as contracts emerge

e. Development is a process involving change. Structural modify is painful creating a loss of traditions or winners and losers.


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