Scenario 1

Country A invested in reliable wireless Internet for most of its cities. As a result, more people and small businesses have access to high-speed Internet. Households are happy with this development, as they now have improved Wi-Fi for communicating, downloading movies, gaming, and so on. Firms are even happier because their bill payment, sales, and customer service processes are much faster and more reliable. Output has even increased in local manufacturing firms because automated machines run quicker.

Scenario 2

Country B invested in free, mandatory public education for boys and girls ages 6 through 18. Children will also have access to free transportation to and from school. While some people criticize the government for this tremendous expense, the government believes it will recover the investment when the country has a more educated, well-trained workforce.

What is driving economic growth in each of these countries?

Question

Alana Beltran

Business

10 February, 00:17

Scenario 1

Country A invested in reliable wireless Internet for most of its cities. As a result, more people and small businesses have access to high-speed Internet. Households are happy with this development, as they now have improved Wi-Fi for communicating, downloading movies, gaming, and so on. Firms are even happier because their bill payment, sales, and customer service processes are much faster and more reliable. Output has even increased in local manufacturing firms because automated machines run quicker.

Scenario 2

Country B invested in free, mandatory public education for boys and girls ages 6 through 18. Children will also have access to free transportation to and from school. While some people criticize the government for this tremendous expense, the government believes it will recover the investment when the country has a more educated, well-trained workforce.

What is driving economic growth in each of these countries?

+2

Answers (2)

Know the Answer?

Julissa Hanson · Answer 1

let me get back to you i'm going to type this up in a word doc

Bria Chan · Answer 2

The government of country A spent money investing in wireless Internet. So, a robust infrastructure is the driving force behind country A's economic growth. On the other hand, the education provided by country B will result in a large and competent workforce, which will also lead to economic growth. Therefore, both countries will experience economic growth driven by investment.