In: Economics
The growth of an economy is the primary objective and also keep the development of the growth for each country. If the country is having a sustainable growth, then its good impact show on the country’s GDP (Gross Domestic Product). How it is possible to keep the sustainable development of the growth and what are the factors influencing to enable the sustainable development for the country?
Let us discuss the factors influencing sustainable development:
Unemployment:
This is one of the regular and major drawbacks happens in any country. So, the government needs to play a strategy to overcome this issue by providing the number of employment opportunities to all. In this regard, the government needs to establish new industries, giving subsidies to farmers for agriculture and teach technical knowledge for unskilled workers in order to give technical jobs. If the unemployment problem clears then it’s impact may show on enhancing the GDP percentage.
Infrastructure:
The government needs to improve the infrastructure for all the corner of places in the country. So, the global investments made in the country well and it’s leads to improve the GDP of the country.
Literacy:
If all the population literate then the improvement of the growth will happen otherwise the growth of the economy will decline in the country. However, the government is responsible to encourage the education in all the remote areas. If all of them have educated then they will become part of the growth of the economy. Most of the underdeveloped countries had a more percentage of illiteracy. So, the illiteracy creates a more problem for the sustainable development of the growth in the country.
The information above all we have discussed functions are need to assist for continuous improvement so it will lead to the sustainable development of the country. If the growth is stable to improve year by year then it’s a good sign of economic development. It is essential for all the developing countries and underdeveloped countries in order to join the list of developed countries.