Urban Enterprise Zones

few policies that could promote economic growth are tax rebates, abaseing cheer enjoins and developing Urban Enterprise Zones (UEZs). Providing rebates on radical purchases, appliances and home upgrades encourages people to spend money. Lower interest rates work to construct home sales, credit card loans and investment in the stock market. UEZs cristal lower tax rates, encouraging people to shop and spend money.2) Schumpeters imaginative destruction describes how long-term economic growth is sustained by ripe entrepreneurs even when established companies are destroyed. This is less likely to occur in less developed countries because there are less entrepreneurs with less operational funds than developed countries. This allows older companies, sometimes even monopolies, to maintain their piazza in the market.3) With reductions in political science spending on higher education, the rate of growth in the United States will surely drop. Less government funding means many stude nts will no longer be able to afford the cost of tuition.This leads to an unskilled workforce and a downswing in economic growth. Less funding could also translate to lower quality in public colleges and universities. Many people rely on these institutions for respected degrees at a lower cost than private schools. This likewise would lead to less college graduates and again, an unskilled workforce.