Which factors affecting the economy of Pakistan?

Effects of Major Economic Variables on Pakistan Economy But with the passage of time economic growth of Pakistan was affected by various issues including political instability, burden of foreign debt, poor exports and high imports, lack of implementation of the economic policies for many years (Khalid, 2005).

What are the 3 basic problems of economics?

Ans. – The three basic economic problems are regarding the allocation of the resources. These are what to produce, how to produce, and for whom to produce.

What problems is Pakistan facing today?

Today Pakistan is faced with many problems such as poverty, insecurity, sectarianism and terrorism [2]. The reasons for these problems are lack of tolerance, lack of general awareness and illiteracy promoted by an ineffective education system.

What is socio-economic disadvantage?

Socioeconomic disadvantage may consist of fewer years of formal education, low income, and low occupational status. We focused on two components of socioeconomic disadvantage: education and poverty (i.e., dramatically low income).

What are five socio-economic factors?

Viewing such a medium as a form of new innovation, the five socio-economic characters namely gender, age, income level, education level and the exposure to the Internet were hypothesized to see whether there was any relationship between these five factors and the consumer’s willingness to adopt e-commerce.

What is major issue?

adjective [ADJECTIVE noun] You use major when you want to describe something that is more important, serious, or significant than other things in a group or situation.

What is the current situation of Pakistan economy?

The GDP growth rate for fiscal year 2019–20 was –0.4 per cent — the first time it fell negative in seven decades. Per capita income fell from US$1625 to US$1325. COVID-19 closures and lockdowns to limit the spread of the virus are also contributing to growing unemployment and poverty.