1. Growth and Structural change.
Structural can be seen as a dramatic or big change in the way a industry runs itself. This change is usually caused by a huge economic development.
The country of South Africa has hardly made any progress in changing and transforming the way our economic structure works. In fact it can be debated that we only worsened the state of our economy. This brings us to the fact that South Africa is a developing county and should most likely make use of the primary sector to generate an income.
2. Distribution of Income
A factor that influences the development on a large scale is the distribution of development. Distribution of income has a big impact in our country as statistics show, on average people living in Gauteng earns up to R 85 000 more per capita than people living in the Eastern Cape. With this in mind it is clear that to eradicate or lessen the effects of poverty we as a country should spread the income more evenly among ourselves.
3. Modernization
Modernization can be defined as a road towards a developed and industrial society. This shows that modernization is a way of seeing development as growth. When a country develops economically through the means of industrial development economic growth will take place and developing countries will start to catch up with other already developed countries. For countries to be seen as modern they need to be up to par with the world leading countries such as America, China and England. In order for this to take place we as a country need to start making use of industrial growth.
4. Demographic Transitions
The demographic transition model displays birth rates, death rates and natural increase rates. The last mentioned has a much bigger rate in developing countries like South Africa compared to already developed countries. The stage of which South Africa is in is stage 3 which is seen as making significant development