a) Examples of types of investments that can result in growth for manufacturers include research and development to create new products or improve existing ones, expansion of production capacity, implementation of more efficient production processes, and investment in marketing and advertising to increase brand awareness and sales.
b) When manufacturers invest in growth, they create jobs and stimulate economic activity. This can lead to increased wages and overall economic growth, which in turn can improve a nation's standard of living by providing more opportunities for employment and increasing the availability of goods and services. Additionally, growth in manufacturing can help to drive technological advancements and innovations, further benefiting society and the economy.