1. Name two factors that promote economic growth.

2. List two ways in which health can be created.
3. How is standard of living in a country determined.
4. How does wealth differ from income.
5. What effect will HIV/AIDS have on future economic growth.
6. What effect does a low economic growth.
7.How important is economic growth in the economy

1 answer

1. Two factors that promote economic growth are technological innovation and increased investment in infrastructure.
2. Health can be created through access to healthcare services and education on preventative health measures.
3. The standard of living in a country is determined by factors such as income levels, access to healthcare and education, and overall quality of life.
4. Wealth refers to the total assets and resources owned by an individual or country, while income refers to the amount of money earned over a period of time.
5. HIV/AIDS can have a negative impact on future economic growth by reducing the workforce, increasing healthcare costs, and creating instability in affected communities.
6. A low economic growth can lead to decreased job opportunities, decreased income levels, and overall economic instability.
7. Economic growth is crucial in the economy as it leads to increased wealth, job creation, and overall prosperity for a country's citizens.