Question

Growth definition takes into account
a. The problem of choice in the dynamic framework of Economics
b. The problem of unlimited means in relation to wants
c. The production and distribution of wealth
d. The material welfare of human beings

Answer 1

(a) Growth definition takes into account the problem of choice in the dynamic framework of Economics.

Natural resources are considered to be among necessary inputs for production in numerous sectors.

Production along with consumption also paves the pathway towards pollution and and other pressures applied on environment.

Poor quality in turn affects the entire growth in products as well as economy.

Finally it leads towards lowering the quality of resources due to negative impacts.