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Economic progress comes primarily through

a. government intervention in the economy
b. technological stagnation
c. increased production and innovation
d. trade barriers and protectionism

User Ygrichman
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1 Answer

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Final answer:

Economic progress comes primarily through increased production and innovation. It involves making tradeoffs and decisions regarding government spending and market coordination. The creation of more goods and services leads to economic growth and progress.

Step-by-step explanation:

Economic progress comes primarily through increased production and innovation. Improvements in productive efficiency and overall economic growth happen gradually over time. In order to achieve economic progress, societies must make tradeoffs and decisions regarding government spending, market coordination, and the allocation of resources. Increased production and innovation lead to the creation of more goods and services that people want, ultimately contributing to economic growth and progress.

User Dan LaRocque
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