Factors affecting the economic growth of a country
Economic growth faces different issues that vary from place to place. The global economy is currently dealing with many challenges. Economic growth is an increase in the production of goods and services. Growth is estimated in the value of goods and services, not just the quantity. Gross domestic product (GDP) and gross national product (GNP) are the widely used measures of a country’s aggregate economic output. Another issue is that the value of goods and services is not the same everywhere. Increases in capital goods, labor force, technology, and human capital are some of the major contributing factors to poor economic growth.
Poor Economic Growth
This fishbone describes the main reasons or factors that affect the growth of the economy. The first level mainly forms the categories of various factors. It is a simple template that provides information on the potential reasons for a sluggish or poor economy.
Curated from community experience and public sources: