Discover a world of knowledge at Westonci.ca, where experts and enthusiasts come together to answer your questions. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A platform. Experience the ease of finding precise answers to your questions from a knowledgeable community of experts.

Explain four factors that hinder the economy development of Ghanaian economy​

Sagot :

Answer:

  1. describe four roles of the family in the process of socialization

The Ghanaian economy is a formal mixture of private firms and public firms.

The public firms are the firms that are entitled to government ownership and the private firms are the firms that are owned by the owner privately. The major part of the GDP arises from the primary sector and it contributes to the secondary and tertiary as well.

The four factors that hinder the development of the economy are:

  • Trade deficit

  • Low level of technological innovation,

  • Population

  • Corruption

These factors keep changing as variables and affect the development of the economy adversely.

  • They variate in their values in the trade deficit and affect the trade in the country, rising population affect the schemes and the programs of the government.

  • The technological advancement in the economy has led to the vast need for development in the change in technology.

  • The corruption had made the country so lazy and inactive to develop and rise.

To know more about the four factors of the Ghanaian economy, refer to the link below:

https://brainly.com/question/16995578