Asked by Potenza Building Mtrl on May 08, 2024
Verified
Avenues for the government to foster economic growth and development include the following, except
A) nationalization and protection of domestic industries.
B) establishing the rule of law and protection of property rights.
C) building infrastructure and technological support.
D) building human capital and promoting entrepreneurship.
Economic Growth
An increase in the amount of goods and services produced per head of the population over a period of time, often measured by GDP.
Nationalization
The process by which a government takes control over a privately-owned company or industry.
Rule of Law
The principle that all members of a society, including those in government, are equally subject to publicly disclosed legal codes and processes.
- Recognize the importance of government involvement in stimulating economic progress and development.
Verified Answer
Learning Objectives
- Recognize the importance of government involvement in stimulating economic progress and development.
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