Are Economic growth sufficient for nation ?
Economic growth is the increase in the production and consumption of goods and services over time. It is a complex process influenced by various interrelated factors. Some of the key factors necessary for economic growth include: 1. Investment : Adequate investment in physical capital (e.g., infrastructure, machinery, technology) and human capital (e.g., education, healthcare, skills training) is crucial for boosting productivity and stimulating economic growth. 2. Technological Advancements : Embracing and investing in technology and innovation can lead to productivity gains and create new opportunities for economic growth. 3. Human Capital Development : A skilled and educated workforce is essential for adopting new technologies and driving economic growth. Investing in education and training can significantly enhance human capital. 4. Entrepreneurship and Innovation : A thriving entrepreneurial ecosystem that fosters innovation and the creation of new businesses can drive economic