Question

what can be done to boost economic development even to land area cannot be increased​

Answer 1

Answer:

The last couple of hundred years have seen an incredible rise in the world’s average standard of living. This increase in living standards is a result of unprecedented economic growth. But a negative effect has accompanied that growth—environmental degradation. Phrases such as “peak oil” and “climate change” have led many to conclude that we have reached the limits of economic growth and that if the growth is not curbed, it will ultimately destroy the Earth and all species that inhabit it.

Answer 2

Explanation:

To increase economic growth

Lower interest rates – reduce the cost of borrowing and increase consumer spending and investment.

Increased real wages – if nominal wages grow above inflation then consumers have more disposable to spend.

Higher global growth – leading to increased export spending.