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9 February, 20:04

What types of planning can be done to improve a nation's economy?

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  1. 9 February, 20:12
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    Lower interest rates

    Increased real wages

    Higher global growth

    These are all examples of national growth planning

    Explanation:

    Economic growth is influences by direct factors like for example human resources (increasing the active population, investing in human capital),

    natural resources (land, underground resources),

    the increase in capital employed or technological advancements.

    Economists generally agree that economic development and growth are influenced by four factors namely.:

    human resources,

    physical capital,

    natural resources

    and technology

    To increase economic growth

    We can.

    Lower interest rates - reduce the cost of borrowing and increase consumer spending and investment.

    Increased real wages - if nominal wages grow above inflation then consumers have more disposable to spend.

    Higher global growth - leading to increased export spending.
  2. 9 February, 20:33
    0
    1 Promote economic growth through innovation. Just as we saw at the 2013 International CES®, innovation and start-ups fuel our economic growth ...

    2 Strategic immigration reform ...

    3 End the war on drugs ...

    4 Require unemployed workers to volunteer ...

    5 Cut health care costs ...

    6 Remove un
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