How fast can the economy of a country grow?

[ahmedo24]

An economy in which exportation is much more higher than importation, such country's will continue to grow higher because inflation won't come near them except they are not regulating their exportation. Most countries relying on importation finds it difficult to grow because small and medium businesses don't grow.

 

[Dowenship]

For me oo.....I think if the country can empower the youth in agriculture and other business online. But the reason why I said agriculture is because we cannot do without it. My elder one will say it is essential. Whatever is the country main resources with adequate management, the country will grow no doubt.

 

[Rimsha kanwal]

Growth has varied over time. On average, the economy has grown by 2.6% per year since 1949.
The fastest the economy has grown since 1949 was at an annual rate of 6.5% in 1973. By contrast, following the financial crisis, growth plummeted to -4.3%.

 

[Judee201]

Both small business and bid business makes the economy grow, but what the country produce is the main factor that contribute to the growth of the economy.

The countries leadership plays a role too in the growth of the economy, most of the African leaders are selfish and self centered, that's why we seem not to be moving forward in this part of earth.

 

[Abelcairo43]

The speed at which the economy of a country grows will definitely depend on the factors of production and by increasing the quality and quantity eg. land, capital, labour and entrepreneurship

 

[Olahab]

The speed at which the economy of a country grows will definitely depend on the factors of production and by increasing the quality and quantity eg. land, capital, labour and entrepreneurship. I understand that factors of production are the resources used in creating goods and services in an economy. Besides, the two main sources of economic growth are growth in the size of workforce and growth in the productivity. Both can increase the overall size of the economy.

 

[Blue house]

Growth has varied over time. On average, the economy has grown by 2.6% per year since 1949. The fastestthe economy has grown since 1949 was at an annual rate of 6.5% in 1973. By contrast, following the financial crisis, growth plummeted to -4.3%.

 

[Diamond07]

Economic growth is the increase in what a country produces over time. The factors that can influence the fast growth a country are higher global growth- this leads to an increase in export spending, Lower interest rates etc

 

[abubakar3141]

It is possible to describe economic growth as a rise in the inflation-adjusted economy... In reality, nations with this property belong to the realm of traditional development. The extremum, however,...

 

[Hdre3m3n]

The economy of a country stands on the type of economic system the country is exercising.the various types of economic system we have are the capitalist,socialist and the mixed economy system.

 

[Abbas ali]

Growth has varied over time. On average, the economy has grown by 2.6% per year since 1949. The fastest the economy has grown since 1949 was at an annual rate of 6.5% in 1973. By contrast, following the financial crisis, growth plummeted to -4.3%.