Free market economies stimulate greater economic growth in various ways. Such a market is able to integrated the demand and supply which makes the economy interactive and more productive.
Why economic growth is desirable for modern open economies
I think that because market economy is and economic system in which the interaction of supply and demand determines the quantity in which goods and services are produced, whereas state-directed economy refers to an economy in which the state plays a proactive role in influencing the direction and magnitude of private-sector investments.
gives money to governmant to use
Government Spending
sponsorship of high-tech industries
Why economic growth is desirable for modern open economies
I think that because market economy is and economic system in which the interaction of supply and demand determines the quantity in which goods and services are produced, whereas state-directed economy refers to an economy in which the state plays a proactive role in influencing the direction and magnitude of private-sector investments.
marshall plan
Marshall plan
competition encourages innovation, which causes growth.
gives money to governmant to use
Government Spending
sponsorship of high-tech industries
sponsorship of high-tech industries
No they didn't. The Who did not form until the 60s and had nothing to do with industrial growth of western Europe.
to stimulate economic growth in the United States
Economic growth is necessary for economic development but not a sufficient proof of economic development. The improvement of people's living condition is a greater assessment of economic development.