Growing economy means that the economy is producing

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Q. A growing economy means that the economy is producing more also more stuff, either since it has more resources (workers), or utilizes those resources more productively (smarter, better workers, working with better machines also systems). A growing economy that produces more also more stuff normally means that the people have a higher also higher standard of living. If the government adopts a free trade policy towards all imports, including the low cost clothing of question 1 also 2, in which it places no barriers to importing items, can that action help the economy to grow? Explain your answer.

Reference no: EM1322805

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