Asked by
Tsegahun Girma
on Nov 12, 2024
Verified
A stable macroeconomic environment and reliable financial institutions help developing economies close the development gap.
Macroeconomic Environment
The broader economic context in which businesses and governments operate, encompassing various economic factors such as inflation, growth rates, employment levels, and fiscal policies.
Financial Institutions
Organizations such as banks, credit unions, and insurance companies that provide financial services and products to the public.
- Understand the influence of both global and local policies on economic growth, encompassing trade limitations and macroeconomic approaches.
- Recognize the significance of natural assets and human talent in the economic growth of a nation.
Verified Answer
EK
Learning Objectives
- Understand the influence of both global and local policies on economic growth, encompassing trade limitations and macroeconomic approaches.
- Recognize the significance of natural assets and human talent in the economic growth of a nation.
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