Elaborate on Problem of economic growth
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Answer:
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.
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Explanation:
economic growth is an increase in the production of economic goods and services compared to one period of time to another. it can be measured in nominal or real tearms
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