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What types of planning can be done to improve a nation’s economy ?

User PsychoFish
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2 Answers

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1 Promote economic growth through innovation. Just as we saw at the 2013 International CES®, innovation and start-ups fuel our economic growth. ...

2 Strategic immigration reform. ...

3 End the war on drugs. ...

4 Require unemployed workers to volunteer. ...

5 Cut health care costs. ...

6 Remove un

User Armfoot
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2 votes

Answer:

Lower interest rates

Increased real wages

Higher global growth

These are all examples of national growth planning

Step-by-step explanation:

Economic growth is influences by direct factors like for example human resources (increasing the active population, investing in human capital),

natural resources (land, underground resources),

the increase in capital employed or technological advancements.

Economists generally agree that economic development and growth are influenced by four factors namely.:

human resources,

physical capital,

natural resources

and technology

To increase economic growth

We can.

Lower interest rates – reduce the cost of borrowing and increase consumer spending and investment.

Increased real wages – if nominal wages grow above inflation then consumers have more disposable to spend.

Higher global growth – leading to increased export spending.

User Tjmcewan
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