Question

‘Economic growth occurs when GDP rises’. Defend the statement with valid reasons.​

Answer 1

Explanation:

Fast growth can create negative externalities e.g. noise pollution and lower air quality arising from air pollution and road congestion.

Increased consumption of de-merit goods which damage social welfare.

The huge increase in household and industrial waste.The benefits of economic growth include. Higher average incomes. Economic growth enables consumers to consume more goods and services and enjoy better standards of living. Economic growth during the Twentieth Century was a major factor in reducing absolute levels of poverty and enabling a rise in life expectancy

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