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Q.

The government tries to attract ____ to accelerate economic growth.


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Detailed Solution

The government tries to attract foreign investment to accelerate economic growth. As foreign investment increases jobs in a country, it will likely increase national income and accelerate economic growth. Moreover, investment in capital-intensive industries like iron and steel leads to much quicker development of a country. There is also a transfer of technology from a developed country to a developing country during foreign. Investment process.
 
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