What steps can a nation take to achieve economic growth


Asked by maham237 @ in Business viewed by 336 People


1. invest in physical capital
2. engage in international trade
3. focus on increasing imports
4. invest in human capital
5. reduce the defense budget

Answered by maham237 @



The correct answer should be 2 and 4. Physical capital investing doesn't necessarily mean that there will be an increase in production, while import increase is bad for the economy because what you want is to export. Reducing the defense budget doesn't make your economy grow. Investing in human capital means that you help people educate so they can work better and produce more and come up with new things, and engaging in international trade makes your economy stronger too.

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