what can be done to increase the economy of a country
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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.
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Answer:
1) government needs to create more jobs
2) increase demand and purchasing power of consumers.
3) government needs to provide skilled-based education.
4)focus on providing skilled labour not cheap labour..and etc..
(for your information) economy means--
the operation of a country's money supply, commercial activities and industry..
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