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5 votes
1. Factors that support economic growth of the economy include:

a. Natural resources including natural deep water harbors, navigable
rivers, a hospitable climate, abundant fresh water and energy og fliw
deposits.
b. A stable, honest governmental system. A predicable, fair legal og gvi
vd amehitasvni to "tuo pribwoo" of besi
system,
c. A quality educational system matching education and training with a
employer needs.
d. A stable currency managed by a competent, apolitical central bank.
1001100 eta bvods.
e. All of the above.

User TOP
by
8.5k points

1 Answer

4 votes

Final answer:

Economic growth is supported by natural resources, a stable and honest government, a fair legal system, quality education that meets employer needs, and a stable currency managed by a competent central bank.

Therefore, the correct answer is: option e). All of the above.

Step-by-step explanation:

Factors that support the economic growth of an economy include a variety of elements that work together to create a conducive environment for development.

The factors that support economic growth of the economy include:

  • Natural resources
  • A stable, honest governmental system
  • A quality educational system
  • A stable currency managed by a competent, apolitical central bank

=> All of the above factors contribute to the economic growth of a country.

Furthermore, a quality educational system that aligns with employer needs can lead to human capital deepening—essential for increasing labor productivity and GDP per capita.

And, a stable currency overseen by a competent, apolitical central bank plays a crucial role in maintaining economic stability and confidence.

User Azizur Rehman
by
7.9k points
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