Country M hopes to encourage economic growth by investing in EDUCATION.
Increasing investments in education leads to the accumulation of high-quality human capital in a society.
Skilled and well-educated individuals would likely produce technological improvements that, implemented to the production processes, will enhance productivity levels. <u>Productivity improvements will generate a larger output and econmic growth. </u>
Country M investing stuffs in order to encourage the economic growth of the country just like introducing an incentive policy that offers citizens free education – an education that can reduce unemployment and increase production, invested to buy new technologies to be more productive in producing goods that are in great demand, searching for resources that can be possibly traded with other foreign nations, and lastly researching to develop great goods that can be sold on a global scale.
