For fully developed economies in Europe, the main avenue for economic growth is through _____.

Question

Quizplus · Accepted Answer

For fully developed economies in Europe, the main avenue for economic growth is through productivity improvements, as the potential for growth through increases in labor supply or capital use is more limited compared to developing economies. Fiscal and monetary policies can influence the rate of growth, but the fundamental driver in mature economies is often productivity enhancements.

For Fully Developed Economies in Europe, the Main Avenue for Economic