Human resources are performing an essential part in achieving the
economic development of a particular country. For instance, people
as human resources execute the most beneficial utilization of nature
to generate more extra supplies in the sense of utilizing knowledge,
HUMAN RESOURCE experiences, abilities, talents, and also with the help of technology.
Indeed, it affects the economy by the presence of well skilled and
trained human resource of a specific country, thus an indefinitely
large number of skilled labor is much needed to achieve the
development of one's economy. 
 
 
 

 
Natural Resources as renewable and non-renewable are indeed the
greatest factor in the development of one country's economy. As we
all know, natural resources are used to produce food, fuel, and
unprocessed elements for the reproduction of goods, indeed it is the
natural capital of one's country. Therefore, natural resources are
NATURAL central to economic growth, since it provides the supplies we need
RESOURCES to produce products and services with the help of the human
resources.
 
 
 
 

 
  Capital formation is one of the ways to increase investments which
influences economic development. It quickens the journey of
  progress with the utilization of free resources in one's country. At
CAPITAL FORMATION last, it drives to an improvement in the dimension of national
employment, earnings, and interest that reduces the problems of
  inflation and the vicious circle of poverty.
 
 
 
  Technological Development provides numerous effective creations
of more enhanced and more beneficial products and services, which
  is what success turns on. In addition to this, it also accommodates
TECHNOLOGICAL us to manufacture everything quicker, more reliable, and more
DEVELOPMENT affordable. All in all, technological improvement implies an
expansion in the whole portion of productivity which affects now the
  economic growth of a country. 
 
 

Social and Political factors play a crucial role in the development of the
economy. For the political factors, there are the implemented rules,
policies, regulations, and laws that talk about the preservation of the
SOCIAL AND
resources and other things that concerns the development of an economy.
POLITICAL FACTORS
On the other hand, social factors such as the beliefs, traditions, and
customs of people in a certain place will serve as their guide in their
everyday life, which now can contribute to the growth of the economy.