What are the potential advantages of economic growth the, Ask an Expert

Economics

What are the potential advantages of economic growth?

The potential advantages of growth include

• More goods and services are accessible to satisfy more want and requirements

• Higher employment permits higher wages so that poverty is decreased.

• Employees earn higher incomes for producing more goods and more services

• Raised pollution,

• Depletion of non renewable natural resources

• The advantages may be narrowly distributed to the wealthy

• Growth may be not sustainable and threaten the well being of future generations.

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M9579490

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