1. What is Meant by Economic Growth?
Economic growth can, in fact, have negative impacts on a nation including environmental degradation, crime, and how economic growth is unsustainable as it can't continue on forever. ... Economic Growth has it's benefits and disadvantages, as it can lead to greater material welfare, higher employment rates and reduce poverty, but also it can lead to crime and many other factors such as environmental pollution and can cause inflation. ... This is as it can cause pollution, as per capita income increases, pollution increases. ... Economic Growth is more desirable than undesirable as, ...
- Word Count: 1462
- Approx Pages: 6
- Grade Level: Undergraduate