Economics
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Economic Growth
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Section 5

The Impact of Policy on Growth

Book Version 3
By Boundless
Boundless Economics
Economics
by Boundless
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5 concepts
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Incentivizing Saving and Investment

The government can incentivize savings and investment by changing the relative cost of taking each action.

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Improving Education and Health Outcomes

A country can impact its long-term growth by affecting human capital through education and healthcare investments.

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Defining and Defending Property Rights

Property rights are theoretical constructs that determine how a resource is used and owned.

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Promoting Free Trade

Government can promote free trade by reducing tariffs, quotas, and non-tariff barriers.

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Investing in Research and Development

The government can establish intellectual property laws, directly conduct research, or finance research and development.

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