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Identify the types of policy available to a government that aims to promote economic growth. For each policy you identify, describe how the policy is expected to work and list its costs.  

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ESSAY TITLE: IDENTIFY THE TYPES OF POLICY AVAILABLE TO A GOVERNMENT THAT AIMS TO PROMOTE ECONOMIC GROWTH. FOR EACH POLICY YOU IDENTIFY, DESCRIBE HOW THE POLICY IS EXPECTED TO WORK AND LIST ITS COSTS. When we discuss about economic growth, we mean the growth that it is required, and it is the principal source to improve the standards of living over time for a growing population. A growing economy means that there will be more goods and services for people to consume. Nevertheless, there are countries in which the rate of economic growth has risen faster than other states over the time. In modern economic growth, there are two main characteristics for the growth process. First of all, in all industrialized and developed economies, the agricultural sector is not a significant part of the economy. Its share tends to be reduced in terms of output and employment. To argue this fact,...

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