The movement of skilled professionals from one country or economic sector to another for better opportunities is a significant factor affecting national development. A higher urban population often signals greater industrial activity and development.
Restricted amounts of inputs required by a business or economy such as motivated staff, finances, production facilities and raw materials
ability to achieve capital formation
involvement in making of more capital goods such as machines, tools, factories, transport equipment, materials, electricity, etc.
brain drain
the departure of educated or professional people from one country, economic sector, or field for another usually for better pay or living conditions
low gni
low infrastructure
poor physical systems of a business or nation
Educational achievement
the number of skilled workers in a country
GDP per capita
A high GDP per capita indicates more wealth
Gross Domestic Product (GDP)
The total value of goods
and services produced by a country in a year.
Labor force characteristics
How much of the economy is devoted to primary or secondary economic activity. Primary interacts directly with natural resources (farming, mining); secondary processes natural resources (industry)
Urban/rural ratio
population that lives in the city versus population that lives in the countryside. (A higher urban population indicates more industry, and therefore more development)
