Economic progress is one way to measure the success of one country, while some people think there are other factors. What other factors should be considered? Within these factors, do you think anyone is more important than the others?
The evaluation process of the national
growth
generally carried out on the basis of its economic performance. Whereas, some economist argues that there are many alternative factors to evaluate the national growth
. The essay will discuss about the important factors that are related to the above notion along with my opinion.
To begin
with, the factor that is
important for the evaluation of the national growth
is the infrastructure of the domestic area. It is a very important part of the growth
of any country. Although
, current economy of the country might slowdown, the proper utilization of the infrastructure facility can boost it up later on. For instance
, the growth
rate of Singapore is highly dependent on its well-developed infrastructure; which attracts many tourists. Moreover
, the cultural development of the nation
plays a vital role in the country’s success. The culture bounds the citizens and creates harmony between them. Hence
, a place having peace and harmony provides the fruitful environment for the growth
of industry and economy as a result
the nation
will progress at a better pace.
Furthermore
, the natural resources of the nation
are key factors. For example
, the gulf countries consists of the crude oil wells that brings too much wealth and development in that countries
. Suggestion
country
Lastly
, the government policies is also
considered as a trump card for the growth
of the nation
; the policies can govern the administrative body in a right direction towards sustainable development. Thus
, many factors are there that influence the performance of a nation
.
In conclusion, the government policy of the nation
will be key factor which influences the other factors which brings prosperity. In my opinion, the government policy is more important than others.Submitted by pankil.khatri on
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