Question

Federalism is a good opportunity for development . It is very expensive for our development . What works should be done to increase economic aspect by using internal means and resources in local level ? Give any four suggestions​

Answer 1

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Answer 2

Economic growth is measured by increase in GDP ( Gross Domestic Product).

GDP is defined as combined value of all goods and services produced within a country in a year.

Economic growth can be increased by following ways

•Economic growth is driven many times by consumer spending and business investment.

•Tax cuts and rebates are used to return money to consumers and boost spending.

•Deregulation relaxes the rules imposed on businesses and have been credited with creating growth but can lead to excessive risk-taking.

•Infrastructure spending is designed to create construction jobs and increase productivity by enabling businesses to operate more efficiently.