<h2>Key Concepts and Summary</h2>
<p>Economic growth comes from a combination of investment in physical capital, human capital, and technology. Government borrowing can crowd out private sector investment in physical capital, but fiscal policy can also increase investment in publicly owned physical capital, human capital (education), and research and development. Possible methods for improving education and society’s investment in human capital include spending more money on teachers and other educational resources, and reorganizing the education system to provide greater incentives for success. Methods for increasing research and development spending to generate new technology include direct government spending on R&amp;D and tax incentives for businesses to conduct additional R&amp;D.</p>
<h2>Glossary</h2>
<h3>Head Start program</h3>
<p>a program for early childhood education directed at families with limited educational and financial resources.</p>

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Key Concepts and Summary

Economics studies social behavior guiding the allocation of scarce resources to meet the unlimited needs and desires of the individual members of a given society, and for the production of goods and services, growth of production and welfare over time, and a great variety of other complex issues of vital concern to society. 

Economics

Learn about the impacts of government borrowing, including its effects on private saving, investment, economic growth, and trade balance, and explore how fiscal policy can be used to address trade imbalances and improve technology.


Key Concepts and Summary

Key Concepts and Summary

Glossary

Head Start program

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