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2 September, 03:51

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

there are mulitple answers to be clicked

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  1. 2 September, 04:07
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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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