a)income of the individual

b) Changes in internet rate

c) Level of taxation

d) Fear of facture changes in prices

ECONOMIC GROWTH AND ECONOMIC DEVELOPMENT

a)Economic Growth : It can be defined as the increase in the production of goods and services within a given period of time. Such an increase would lead to an increase of the production of capital as well as consumers goods. We have actual economic goods and potential economic good.

            Actual economic good is when there is and increase in the cost national product at a given time. While potential economic growth takes place as a result of production of capacity of economy.

Factors that lead to economic Growth

Education and training.

Technological Progress.

Population Growth.

Availaibility of natural resources.