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Explain two ways a government can invest in economic growth (in other words, ways a government can influence or stimulate economic growth). Please be specific. Then, comment on whether your factors fa...

Explain two ways a government can invest in economic growth (in other words, ways a government can influence or stimulate economic growth). Please be specific. Then, comment on whether your factors fall under the category of physical capital, technological advancement, human capital, or other.

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Soln. Two ways in which government can invest in economic growth are listed below -

  1. Capital investment - This will allow for more research and development in the capital structure. This expanding capital structure raises the productive efficiency of labor. Efficient labor will lead to the high productivity of goods.This comes under physical capital investment.
  2. Investment in infrastructure. This will lead to more organized operation that will finally lead to increase in productivity. This comes under technological advancement.
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