Unit 6

Economic Growth

• Economic Growth = Shift in Production Possibilities Curve outward
• Economic Growth = Shift in the Long Run Aggregate Supply Curve to the right

- Why growth rates differ among countries:

• Rates of savings
• Foreign Investment
• Education
• Infrastructure
• Research and Development
• Political Stability
• Protection of Property Rights
• Economic Freedom versus Excessive Government Intervention

-Human Capital

• People are a country's most important resource. Therefore human capital must be developed.
• Education
• Economic Freedom
• The right to acquire private property

•People are a country’s most important resource. Therefore human capital must be developed.

•Education

•Economic Freedom

•The right to acquire private property

•Incentives

•Clean Water

To learn more click on the link below 
Economic Growth