National prosperity is strongly associated with

National prosperity is strongly associated with responsible fiscal policy, a sound and diverse economy, human capital, technological advancement, and an educated and skilled workforce. Responsible fiscal policies typically involve government spending that is appropriate for the size and complexity of the economy and encourages long-term economic growth, stability, and efficiency. A sound and diverse economy allows for different economic sectors to balance out each other, reducing risk and providing resilience during times of economic difficulty. Human capital is a measure of the knowledge, skills, and abilities of individuals that can help boost an economy’s production capacity. Technological advancement drives gains in productivity, and an educated and skilled workforce is needed to be able to effectively use these technologies. All of these factors are essential to creating a prosperous nation.