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

Question

Quizplus · Accepted Answer

A stable government that protects property rights is necessary to attract investment and encourage entrepreneurship, which are key factors in promoting economic growth. Large amounts of natural resources can contribute to growth but are not sufficient on their own, as shown by the resource curse phenomenon in some countries. High levels of government regulation and a large defence budget can actually hinder economic growth by creating inefficiencies and diverting resources away from more productive uses.

Economies with High Growth Rates Tend to Be Those That