Asked by Bethany Hinkle on Jul 24, 2024
Verified
In recent years, many DVCs have come to realize that
A) expanded international trade is harmful to DVCs.
B) private capital investment is essential for economic growth in DVCs.
C) the International Monetary Fund is the major institutional barrier to economic growth.
D) government involvement in economic development is the only avenue for economic growth.
Private Capital Investment
The spending of resources by private individuals or enterprises on assets expected to yield returns over time, such as shares, real estate, or machinery.
Economic Growth
An increase in the output of goods and services in an economy over a period, usually measured by the rise in real GDP, indicating the economy's overall health and prosperity.
DVCs
Depending on context, can refer to Digital Video Cameras or other abbreviations; without a specific context, it's difficult to provide an accurate definition.
- Describe the contribution of governmental initiatives towards economic growth and the impact of private endeavors in advancing developing nations.
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Learning Objectives
- Describe the contribution of governmental initiatives towards economic growth and the impact of private endeavors in advancing developing nations.
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