Consider two countries: A and B. Assume that both countries are exactly similar
ID: 1223605 • Letter: C
Question
Consider two countries: A and B. Assume that both countries are exactly similar to the year 2000. At the beginning of the year 2000, both countries decide to change their strategy for economic growth. Country A plans to encourage immigration and increase human capital in the economy to achieve sustained growth, while Country B decides to make significant investments in research and development to achieve sustained growth.
A) Which of the two countries is more likely to experience continued growth and why?
Consider two countries: A and B. Assume that both countries are exactly similar to the year 2000. At the beginning of the year 2000, both countries decide to change their strategy for economic growth. Country A plans to encourage immigration and increase human capital in the economy to achieve sustained growth, while Country B decides to make significant investments in research and development to achieve sustained growth. Which of the two countries is more likely to experience continued growth and why?Explanation / Answer
the nation which invest more and more on capital assets and capital investments, it is going to be grow faster than the other nation. because capital is the resource which helps to create much employment in a nation in all the aspects. once if more employment created people income levels will increase. if people income levels increase regularly the nation will experience more growth with constant in nature.
the other nation which focus on only manpower it may not be grown faster. if man power is increased than needed quantity, it gives negative aspects to the nation. the wages will come down, people standard of living also comes down and experienc worst conditons.