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Institutions that Promote Economic Growth definitions

컨트롤 버튼이 '내비게이션' 모드로 변경되었습니다.
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  • Human 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.