Paper 2 · Elasticity of Demand and Supply
An advantage of economic development to a country is that
Athe population falls, so fewer social services have to be provided
Ball natural resources are left untouched for future generations
Cthe country stops trading with the rest of the world entirely
Dincomes rise, so households afford better food, housing and health care
Explanation: Development raises real income per head, so households can buy a better diet, better housing, clothing and medical care, and poverty falls. New industry also creates employment and a wider tax base lets government fund schools, clinics, roads and water.
Derived from ZIMSEC Economics 4050/2 Paper 2, June 2023, Q1