\n1) Economic Factors
\n2) Non-Economic Factors<\/p>\n
Economic Factors<\/span> :<\/strong><\/em> They can be named as:<\/em><\/strong> Here is a complete list of 20 most poorest nation in the world :<\/strong><\/p>\n Courtesy: www.squamble.com<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" The economy of a country decides whether the particular nation is to be called as developed nation, developing nation, or under developed nation. The process of economic growth is a highly complex phenomenon and is influenced by numerous and varied factors such as economic, political, social and cultural factors. The economy is measured in terms…<\/p>\n Read More<\/span> 20 Poorest Nations In The World<\/span><\/a>","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"Layout":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[4],"tags":[],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/www.newsilike.in\/wp-json\/wp\/v2\/posts\/963"}],"collection":[{"href":"https:\/\/www.newsilike.in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsilike.in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsilike.in\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsilike.in\/wp-json\/wp\/v2\/comments?post=963"}],"version-history":[{"count":0,"href":"https:\/\/www.newsilike.in\/wp-json\/wp\/v2\/posts\/963\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.newsilike.in\/wp-json\/wp\/v2\/media?parent=963"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsilike.in\/wp-json\/wp\/v2\/categories?post=963"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsilike.in\/wp-json\/wp\/v2\/tags?post=963"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nEconomic factors can be defined as the determinants which are directly involved in calculating the economic growth. These are the measures which finally yields the results on economic growth.<\/p>\n
\na)Capital Formation
\nb)Natural Resources
\nc)Conditions in foreign trade
\nd)Economic System.
\nNon Economic Factors<\/span> :<\/strong><\/em>
\nThese are the factors on which Economic factors are dependent. They form the backbone of the economy.They may be categorically described as
\na)Human resources
\nb)Political Freedom
\nc)Social Organisation
\nd)Corruption
\ne)Desire to develop.
\nClearly,the economic growth of country depends on lot of minute and major factors,and hence a lot is dependent on the government of the country and what type of people are governing it.The top level people should ensure that effective measures are taken to revive the economy of country so that they can make their nation a better place to live in.
\nFollowing is the list of top 20 poorest nations of the world with Republic of Congo(GDP 20.6 billion)right at the top of the list.<\/p>\n![\"Poor](\"https:\/\/www.squamble.com\/wp-content\/uploads\/2010\/07\/Poor-nations.bmp\" "\\"Poorest")
<\/p>\n