Which of the Following Are the Three Basic Prerequisites for Economic

question 17

Multiple Choice

Which of the following are the three basic prerequisites for economic growth?

• A) public investment, economic regulation, and a productive workforce
• B) domestic investment, foreign investment, and government regulation
• C) foreign investment, productive workforce, and economic regulation
• D) public investment, government investment, and financial stability
• E) public investment, innovation, and a productive workforce

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Definitions:

Environment

The external physical, social, and cultural factors that influence an individual's or organization's functioning and development.

Globalization

The process of interaction and integration among people, companies, and governments worldwide, leading to increased interconnectedness and interdependence.

Organizational Diversity

The inclusion of individuals with a variety of characteristics, such as cultural background, race, gender, age, and skills, within an organization.

Sovereign Nations

Independent states that have full self-governing power over themselves and are not controlled by any other external power.