Which factor contributes to economic development?

Question

Quizplus · Accepted Answer

Investment in infrastructure, such as transportation and communication systems, creates a foundation for economic development and growth. It can lead to increased productivity and efficiency in the economy, attracting more investment and creating more jobs. Choices A, B, and D are not factors that contribute to economic development. Low saving and investment rates can lead to a lack of funds for investment and growth, a command socialist economic system limits economic freedom and can lead to inefficiencies, and a complete absence of government involvement may mean no regulation or oversight to maintain a stable economy.

Which Factor Contributes to Economic Development