Asked by Potenza Building Mtrl on May 08, 2024

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Avenues for the government to foster economic growth and development include the following, except

A) nationalization and protection of domestic industries.
B) establishing the rule of law and protection of property rights.
C) building infrastructure and technological support.
D) building human capital and promoting entrepreneurship.

Economic Growth

An increase in the amount of goods and services produced per head of the population over a period of time, often measured by GDP.

Nationalization

The process by which a government takes control over a privately-owned company or industry.

Rule of Law

The principle that all members of a society, including those in government, are equally subject to publicly disclosed legal codes and processes.

  • Recognize the importance of government involvement in stimulating economic progress and development.
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DP
Dhwani PawarMay 13, 2024
Final Answer :
A
Explanation :
Nationalization and protection of domestic industries can actually hinder economic growth and development by reducing competition and innovation. The other options listed are all proven methods for fostering economic growth and development.