A basic precondition necessary to achieve economic growth is A. well-functioning

Question

A basic precondition necessary to achieve economic growth is A.  well-functioning factories. B.  a well-organized work force C.  a well-functioning legal system. D.  a strong central government that directs the nation's research and development activities. E.  well-being of society. A basic precondition necessary to achieve economic growth is A.  well-functioning factories. B.  a well-organized work force C.  a well-functioning legal system. D.  a strong central government that directs the nation's research and development activities. E.  well-being of society.

Explanation / Answer

The basic precondition necessary for economic growth is a well functioning legal system.

A well functioning legal system is required so that there are proper rules, regulations and policies in place which are strictly followed.

Therefore correct answer is option C I.e. a well functioning legal system.

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