Over the long term, by far the most potent force for raising average material living standards is

Question

Quizplus · Accepted Answer

While redistributing income, appropriate fiscal policies, reducing inefficiencies, and increasing the money supply all have some impact on material living standards, the most potent force is economic growth. As the economy produces more goods and services, people's material standard of living naturally improves. This can be achieved through increasing productivity, investment in capital, improving technology, and expanding international trade.

Over the Long Term, by Far the Most Potent Force