Prime Minister Tan Sri Muhyiddin Yassin said every ringgit spent, especially on locally-made products, would help ensure the country’s economy remains competitive. - NSTP/FATHIL ASRI

KUALA LUMPUR: Malaysian consumers have been urged to "Spend For Malaysia" to help the country's economy recover from the impact of the Covid-19 pandemic.

Prime Minister Tan Sri Muhyiddin Yassin said every ringgit spent, especially on locally-made products, would help ensure the country's economy remains competitive.

"By spending, it will create a multiplier effect on the economy, create more job opportunities and increase the people's income", he said in his speech at the launch of the Buy Malaysian Products campaign here, today.

Muhyiddin said the government will continue to place emphasis on promoting locally-made products, adding that this is translated through various government policies and incentives to local entrepreneurs to improve their wares.

He said the government also prioritises local products in procurements, and promotes Malaysian-made goods internationally.

"In an effort to boost Malaysian-made products and services internationally, the Malaysia External Trade Corporation (Matrade) will continue to increase promotion through trade fairs and online business matching activities.

"Through international e-commerce platforms, entrepreneurs have the chance to explore new markets overseas in a more efficient and cost-effective manner.

"The government, through Matrade's eTRADE programme, helps entrepreneurs start their export business activities with RM5,000 in financial aid."

He also said the Penjana Economic Recovery Plan had allocated RM20 million for the Buy Malaysian Products campaign to increase the visibility of Malaysian wares in hypermarkets and e-commerce platforms.

From this article what theories of economic growth are related and can you explain it together.?

Can you identify and explain the economic growth that related to the economic growth theories.