(Answered) Question 45Which of the following is NOT a factor that has contributed to the rapid economic growth…

➤ How do well-established economic and legal reforms support NIC growth?
Sound economic and legal reforms create predictable rules for business. Clear property rights, contract enforcement, regulatory transparency, and financial sector improvements lower transaction costs and risk. Those conditions attract domestic entrepreneurship and foreign investors, improve credit access, and help mobilize capital for industrialization and long-term growth.