Economics Questions and Answers

- It will be easier for the firm to get raw materials in the rural areas.
- It would bring about development and improvement in the standard or living in the area. 
- Basic infrastructure may not be available.

Instability in political and industrial policies is a major problem of growth and development in west Africa. An industrial policy, that led to lower growth and more inequality and instability will discourage foreign investment. A traditional criticism of industrial policies is related to 'political economy', that such policies are likely to be captured by special interests to advance themselves.

Intensive farming involves various types of agriculture with higher levels of input and output per cubic unit of agricultural land area. It is characterized by a low fallow ratio, higher use of inputs such as capital and labour, and higher crop yields per cubic unit land area.

 Some of the factors affecting the efficiency of labour

- Personal Qualities of Labourers
- General Education and Intelligence
- Working Conditions
- Efficiency of Other Factors
- Welfare Services
- Motivation and Incentives

A growing population is primarily determined by rates of birth, death, immigration, and emigration. Under  ideal conditions, population can grow  exponentially. The growth rate increases as the population gets larger. An increased number of young people indicates a fast growing population.