Which of the following provides the fuel for growth and achievement of high income levels?

Question

Quizplus · Accepted Answer

All of the options provide the fuel for growth and achievement of high income levels. Gains from trade enable countries and businesses to specialize in producing goods and services that they are efficient at producing, resulting in increased productivity and profits. Entrepreneurial discovery leads to the development of new products, services, and technologies, which can create new markets and drive economic growth. Capital formation helps businesses invest in new equipment, technology, and infrastructure, which can improve productivity and increase output. All these factors work together to fuel economic growth and achieve high income levels.

Which of the Following Provides the Fuel for Growth and Achievement