IndietroInstitutions that Promote Economic Growth definitions
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1/15IndietroSkip to main contentIndietroHuman Capital
Knowledge, skills, and education possessed by a workforce, enhancing productivity and economic growth. Public Education
Government-provided schooling that increases the population’s knowledge and technical abilities, boosting productivity. Public Health
Government-supported initiatives that improve citizens’ well-being, leading to a more productive workforce. Property Rights
Legal assurances that individuals or firms can control and benefit from their assets without fear of seizure. Entrepreneur
Individual who initiates investments and business ventures, often spurred by secure legal protections. Investor
Person or entity allocating resources to projects or assets, motivated by the expectation of future returns. Savings
Portion of income not spent on current consumption, enabling future investments by firms. Investment
Allocation of current resources by firms to increase future productive capacity, such as building factories. Tax Incentive
Government policy reducing tax burdens to encourage households or firms to save or invest more. Subsidy
Financial support from the government to firms, often aimed at encouraging research, development, or investment. Research and Development
Activities focused on creating new technologies or improving existing ones, driving long-term economic growth. Infrastructure
Physical systems like roads and power lines that facilitate business operations and logistics. Free Trade
Policy of open exchange of goods and services across borders, integrating economies into the global market. Foreign Direct Investment
Purchase or construction of facilities in another country, often boosting production and growth in low-income nations. Globalization
Process of increasing economic integration and interdependence among countries through trade and investment.
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