One of the most important determinants of accelerated economic growth is:

Question

Quizplus · Accepted Answer

A high level of savings is important for accelerated economic growth as it provides the necessary capital for investment and the creation of new businesses and industries. With increased investment comes increased production, employment, and overall economic growth. Relaxed property rights can lead to instability and uncertainty in the economy, while an increase in population and consumption can lead to higher demand but may not necessarily result in sustained economic growth if not accompanied by investment and productivity improvements.

One of the Most Important Determinants of Accelerated Economic Growth