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.
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.
Why economic growth is desirable for modern open economies
Several factors contribute to the growth of economies, including technological advancements, investment in infrastructure, access to education and skilled labor, political stability, favorable government policies, and a strong financial system. These factors can help stimulate productivity, innovation, and overall economic development.
Government Spending
gives money to governmant to use
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.
Several factors contribute to the growth of economies, including technological advancements, investment in infrastructure, access to education and skilled labor, political stability, favorable government policies, and a strong financial system. These factors can help stimulate productivity, innovation, and overall economic development.
marshall plan
Marshall plan
competition encourages innovation, which causes growth.
Government Spending
gives money to governmant to use
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