1. What is Meant by Economic Growth?
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, overall economic growth helps a country in the long run, as it causes employment, whereas the problems of economic growth, such as pollution and unsustainability are only short term factors, ...
- Word Count: 1462
- Approx Pages: 6
- Grade Level: Undergraduate