Question

why is the company;called engine of economic growth ​

Answer 1

Answer:

Introduction. Industrialization is viewed as the most important engine of economic growth. The unique characteristics of the manufacturing sector can be interpreted in many ways: rapid technological changes, economies of scale, and easy integration into global production networks (Lavopa and Szirmai

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Answer 2

Answer:

It promotes growth and enhances economic welfare by stimulating more efficient utilisation of factor endowments of different regions and by enabling people to obtain goods from efficient sources of supply. Trade also makes available to people goods which cannot be produced in their country due to various reasons.

Explanation:

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