Answer:
Investing in education is a way to increase economic development.
Step-by-step explanation:
- Investing in education results in long term economic gains eventually leading to overall economic development. Raising taxes drastically may have a negative impact on the economy.
- People may start practicing tax evasion to avoid losses. Limiting trade would stop the inflow of revenue and may decrease the liquidity of the currency halting the otherwise possible economic development.
- Lowering wages would restrict people from spending and result in an economic slowdown.