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Mar 28, 2013Factors that hinder or promote Development 1. • What is Development?• Development means improvement in a countrys economic and social conditions. More specifically, it refers to improvements in ways of managing an areas natural and human resources in order to create wealth and improve peoples lives.

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The economic growth of a country may get hampered due to a number of factors, such as trade deficit and alterations in expenditures by governmental bodies. Generally, the economic growth of a country is adversely affected when there is a sharp rise in the prices of goods and services.

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