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22 October, 10:35

What steps can a nation take to achieve economic growth?

invest in physical capital

engage in international trade

focus on increasing imports

invest in human capital

reduce the defense budget

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  1. 22 October, 14:29
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    invest in physical capital - this only leads to economic growth if the other elements of production are also developed and improved

    engage in international trade - this can lead to economic growth

    focus on increasing imports - this can lead to economic growth

    invest in human capital - this also requires the development of the other elements of production

    reduce the defense budget - reducing the defense alone won't lead to economic growth
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