Which of the following is a driving force underlying economic growth?
A) trade restrictions that protect domestic businesses from competition with foreign producers
B) regulations that require businesses to obtain permission from the government before starting a new business
C) tax increases that expand the revenues of the government
D) entrepreneurial discovery and production of improved products

Question

Quizplus · Accepted Answer

Entrepreneurial discovery and production of improved products is a driving force underlying economic growth. This is because when entrepreneurs produce improved products or come up with innovative solutions, it leads to higher levels of productivity and efficiency, and ultimately drives economic growth. Trade restrictions, regulations, and tax increases, on the other hand, can hinder economic growth by limiting competition, impeding business expansion, and reducing investment.

Which of the Following Is a Driving Force Underlying Economic