Such a study is important because it brings into prominence and bold relief the inter-related nature of the factors determining economic development and enables one to examine their relative degrees of relevance within a comparative conceptual framework. The principal objectives of our study may be enumerated as under:-To investigate the importance of economic and non-economic factors in economic development; To delimit and measure the relative impact of various non-economic factors in determining the process, rate and direction of economic development; To delimit and measure the relative impact of various economic factors as determinants of the process, rate and direction of economic development.