Some people believe the economy is limited by numbers, such as the size of the labor force. However, private-sector entrepreneurship is the most important force behind economic growth and regulation of economic activities by the various governmental Departments is the principal restraint on economic growth.
25 years of economic reform in India has transformed it from low-income to a middle-income country, but to become a high-income country, India needs a lot of reforms that don't seem to be happening yet.
Economics is blindingly easy. It's ironic that the only barrier to economic growth is economists who can't see that individual freedom is what always drives growth.
I’ve been at the United Nations this week and believe me, there’s nobody on the side of taxpayers or the private sector here. Here's what the bureaucrats are getting wrong.
The most advanced economies of early modern Europe, say England in 1700, were on the surface not too dissimilar to that of ancient Rome. But beneath the surface, they contained the “coiled spring,” or at least the possibility, of sustained economic growth — growth driven by the emergence of innovation (a culture of improvement) and a commercial or even capitalist culture.
The marijuana industry created more than 18,000 new jobs in Colorado last year, and had a $2.39 billion impact on the state, according to a new report released October 26. [1]
In a study conducted by the economic consulting firm Marijuana Policy Group (MPG), researchers looked at two years’ worth of sales numbers from Colorado and found that legalization resulted in nearly $1 billion in retail sales in 2015.
Source: WeAreChange.org
