Answer to Question #88796 in Management for andile

Question

Investments are keys to the development of any economic ?

Answer 1

Investment is considered a key factor in the development of any economy for it is considered a central aspect to be considered in determining the gross domestic product which is a total measure of economy of a particular country. In addition, an increase in investment is also an increase in the ability to increase the production of goods as well as services thus lowering costs thus enhancing the economic growth of the respective country. Also, investment is a source of employment thus enabling residents to earn a living, and apart from boosting their living standards it also helps in developing the economy of a respective country.