What boosts a country's economy?

[bisdak40]

The government of a country has a lot to contribute towards the continuity of the economy, this have to sole depends on a continuous implementation, the local economy has to be what they will recognized and also make every efforts towards booting it, this will help achieved an increasing economic activities and production of human labour and capital, there will also be a reduced rate of poverty when there is enough positions whereby the people can fit in with.

Yes, the government plays a major role in keeping the country's economy strong. for me they should focus on helping local businesses grow and create more job opportunities for the people By using local resources, they can make the economy more self-reliant and less dependent on other countries. Plus, supporting local businesses means more money stays in the country, which helps everyone in the long run.

[electronicash]

The government of a country has a lot to contribute towards the continuity of the economy, this have to sole depends on a continuous implementation, the local economy has to be what they will recognized and also make every efforts towards booting it, this will help achieved an increasing economic activities and production of human labour and capital, there will also be a reduced rate of poverty when there is enough positions whereby the people can fit in with.

Yes, the government plays a major role in keeping the country's economy strong. for me they should focus on helping local businesses grow and create more job opportunities for the people By using local resources, they can make the economy more self-reliant and less dependent on other countries. Plus, supporting local businesses means more money stays in the country, which helps everyone in the long run.

governments always has something to do with the economy, its always their policy that will keep it running. even the policies in crypto would be able to help the economy which is why they are regulating it.

they foreseen the caveat when US outsourced their factories to China because their labor fee is too high. this is also the reason why Trump is so keen in bringing back the jobs in US soil. bringing those companies back to US means more jobs again and the products are from US too which means they will once again have manufacturing in their country.

[Chilwell]

Quality Education is good for the citizens too, but how does it contributes to the economy?

There are several factors that contribute to the development of the economy today i.e education, entrepreneurship, healthcare, technologies, natural resources and so on. They collectively contribute to the economic growth, expansion, development and well-being.

A good and quality education can also contribute greatly to the economic growth and workforce development is the process of improving the skills, knowledge and productivity throughout a community workforce to meet the needs of the economy and organization. Education enables workers to manage digital evolution or digitalization.

[Agbe]

First would be security because an investor would not want to splash out money on an area where it's infested by bandits and terrorist. The second would be friendly economic policies that would entice outside investors. Tax breaks and less Government interference are ideal. You also have cheaper labor costs.

security is good but I think what really makes a country Economy to be strong is it ability to produce things and become self sufficient, that is the way out of Economic problem in any country because you can't be talking about Economy with out talking about self sufficiency because it has a link to sustainable economic growth of any country, when a country has attained self sufficiency it will affect the price of goods and services in that country as it will make the price of goods and services in the market which will be good for the economy also it's when a country has gotten self sufficiency that they can be talking about exporting to other countries which will also bring foreign exchange to the revenue base of any country, so what really boost the economy of a country is production of goods and services locally to meet local demand which will affect the price of essential commodities in the market

[MUGNIA]

natural and human resources where both of these are the capital of a country can be said to be advanced
if a country has potential wealth then anything can be used for economic progress especially if it has oil, gas, and fertile agriculture
so too its human resources, if they have capable abilities then why bring in employees from foreign countries if their human resources are already good because with good humans then all natural resources can also be valuable because of the processing of humans who live in the country

[Agbe]

For me I will say that government policies play a key role in the economy and also import and export of natural resources and cash crops too helps to boost the economy.
What do you think is the main factor that affects a country's economy positively today?

government policies are key and critical to the economic strength of any country because it directly affects the economy of any country that is why citizens should be mindful of the kind of leaders that they elect into public offices to manege their Economy because how good a country Economy is could be link to the kind of policies that are been implement in the country so if you elect leaders who don't have the basics of Economic principals they will bring and implement allot of policies that will affect the country badly

[Plotinus]

If I can add to discussion

One needs to define economic growth as it may not be understood in the same way by everyone.
In terms of plain figures, if GDP grows, economy is growing. However, the quality of life may deteriorate.
Or the distribution of wealth will be heavily disproportionate and few will benefit from growth.
Or the distribution may be too equal and noone will benefit from growth.

Classically speaking, economy grows with growth of consumption. And as consumption is sustainable demand that meets productivity you may say that: Economic growth is a function of productivity and consumption. Where productivity is a function of efficiency of labour, capital (resources) , technology (knowledge).
Consumption is a function of education, employment, demand.

I like Keynesian approach that explain economy as a virtuos circle of Consumption — Productivity — Employment and back to Consumption

During economic shocks the circle gets disrupted and that's where employees need new skills to get jobs that meet the needs of production to get salaries they can spend
And production needs to rebuild itself to produce the stuff the market will consume.

Of course, these processes are not simultaneous and the speed of transition often is a key of success.

[bitterguy28]

government policies are key and critical to the economic strength of any country because it directly affects the economy of any country that is why citizens should be mindful of the kind of leaders that they elect into public offices to manege their Economy because how good a country Economy is could be link to the kind of policies that are been implement in the country so if you elect leaders who don't have the basics of Economic principals they will bring and implement allot of policies that will affect the country badly

i believe that a country will be able to function properly with a well rounded government you must have people who knows economy people who knows law people who knows health people who knows agriculture people who knows education and these are only the key things i think a government should have at least one representative of

economic policies must be implemented with these other factors in mind and how can they be affected by said policies it is such a shame if a government is lacking at one aspect because then it is all lopsided and one sector can always affect the economy at the end

[0t3p0t]

A good and quality education can also contribute greatly to the economic growth and workforce development is the process of improving the skills, knowledge and productivity throughout a community workforce to meet the needs of the economy and organization. Education enables workers to manage digital evolution or digitalization.

I agree. Education really helps boost country's economy through human resources and of course educated people produces positive vibes and stuff in the country compared to having uneducated people that is why the governments has to focus on giving countrymen good education and discipline as it will help the country in the long run. What you sow is what you will reap so yeah better invest on something profitable and productive and that is education.

[Gurujebs]

natural and human resources where both of these are the capital of a country can be said to be advanced
if a country has potential wealth then anything can be used for economic progress especially if it has oil, gas, and fertile agriculture
so too its human resources, if they have capable abilities then why bring in employees from foreign countries if their human resources are already good because with good humans then all natural resources can also be valuable because of the processing of humans who live in the country

I have come to realize that every country focus on what they have to offer the rest of the world. If it's natural resources they have, they will go hard on such resources and makes it their main source of income and improves the production every year. Some of the countries that produced oil has other resources to sell, but they put more effort on crude oil as it's brings more money than others resources.

However, there are some countries that are smart with resource management, US doesn't has the largest oil wells and reservoirs around the world but they now control the crude oil than to boost their economy other countries that own largest reservoirs of crude.