Non-Economic. Factors: 

1. Human Resource

2. Technical Know-how 

3. Political Freedom 

4. Social Organization 

5. Corruption free administration 

6. Desire for Development 

7. Moral, ethical and social values 

8. Casino Capitalism 

9. Patrimonial Capitalism

Non-Economic Factors: ‘Economic Development has much to do with human endowments, social attitudes, political conditions and historical accidents. Capital is a necessary but not a sufficient condition of progress.

(i) Human Resources: 

• Human resource is named as human capital because of its power to increase productivity and thereby national income. 
• There is a circular relationship between human development and economic growth. 
• A healthy, educated and skilled labour force is the most important productive asset.
• Human capital formation is the process of increasing knowledge, skills and the productive capacity of people.

(ii) Technical Know-how: As the scientific and technological knowledge advances, more and more sophisticated techniques steadily raise the productivity levels in all sectors.

(iii) Political Freedom: The process of development is linked with the political freedom.

(iv) Social Organization: People show interest in the development activity only when they feel that the fruits of development will be fairly distributed.

.(v) Corruption free administration:

• Corruption is a negative factor in the growth process.
• Unless the countries root-out corruption in their administrative system, the crony capitalists and traders will continue to exploit national resources.

(vi) Desire for development: The pace of economic growth in any country depends to a great extent on people’s desire for development.

(vii) Moral, ethical and social values:

• These determine the efficiency of the market, according to Douglas C. North. 
• If people are not honest, market cannot function.

(viii) Casino Capitalism: If People spend larger proportion of their income and time on entertainment liquor and other illegal activities, productive activities may suffer, according to Thomas Piketty.

(ix) Patrimonial Capitalism: If the assets are simply passed on to children from their parents, the children would not work hard, because the children do not know the value of the assets.