Economic growth can be achieved through

Question

Quizplus · Accepted Answer

Economic growth is achieved through an increase in the production of goods and services, which can be facilitated by an increase in the production of capital goods. Capital goods, such as machines and equipment, enable higher levels of productivity and efficiency in the production process, leading to increased output and economic growth. Decreasing the supply of labor or labor force participation rate can actually hinder economic growth, while reducing expenditures on research and development can reduce the potential for innovation and technological advancements, which are key drivers of economic growth.

Economic Growth Can Be Achieved Through