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The new Canadian federal budget for 2019 includes close to 20 billion dollars in funding for...

The new Canadian federal budget for 2019 includes close to 20 billion dollars in funding for technology companies in Canada. Discuss how this funding can help contribute to economic growth in Canada.

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Answer - The large amount of the funding for the technology growth in Canada will help to improve the state of technology making it more competent and productive. This will be improve the efficiency of the production and help to reduce the cost related to production. This will help to gain the specialisation and the economies of scale. The comparitive advantage gained through the use of advanced and greater technology will help to increase the trade (exports ) and enhance the economic growth.

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