1. According to Reagan, the step that sets the process of Economic Growth in motion is A. taxes are cut.
2. In box 2, C. businesses prosper.
What is economic growth?
Economic growth refers to the increase in the production of economic goods and services, compared from one period of time to another, in a particular economy.
Economic growth is spurred on by:
- Availability of finance for investment
- Cut in taxation
- Increased investment and production.
Thus, according to Reagan, the step that sets the process of Economic Growth in motion is A. taxes are cut.
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