Economies with high growth rates tend to be those that have:

Question

Quizplus · Accepted Answer

A stable government that protects property rights encourages investment and innovation, leading to economic growth. While natural resources can contribute to growth, countries like Japan and Singapore have achieved high growth rates without significant natural resources. High levels of government regulation and large defense budgets can stifle growth by creating inefficiencies and diverting resources away from productive economic activity.

Economies with High Growth Rates Tend to Be Those That