Among the factors that are important for economic growth are:

Question

Quizplus · Accepted Answer

Property rights provide individuals and businesses with the incentive to invest in and develop their resources, leading to economic growth. Growth accounting and convergence may be important for understanding the sources of growth and the potential for catch-up growth, respectively, but they are not necessary for economic growth in general. Natural resources can contribute to growth, but they are not a requirement, as economies can develop based on other factors such as human capital and innovation.

Among the Factors That Are Important for Economic Growth Are