Sunday, 8 February 2009

Economic growth

For a lot of developing countries , if they want to avoid the distress , the economic growth is necessary. For developed countries , the economic growth not very obvious ,it is scale by growth of GDP .

What is the advantages of Economic growth?

1 increase the level of consumption
2 it is good for avoid other microscopical economic problem, for example people hope improve their life level,, the production do not increase , people will improve their demand of income , and it may be lead to high inflation ......increase the production can help people satisfy their hopes , and avoid the crisis of microscopical economic .
3 distribution the income easier to give to poor people.
4 whole society may be notice the environment more than before. for example , people get more rich , they care about their environment of their life.

what is the disadvantage of economic growth?
1the effect of society.
2 the cost of environment.
3 limited resource,
4 effect of the distribution of income.
5 growth will product the extra demand.

1 comment:

chris sivewright said...

"if they want to cast off the holistic distress , the economic growth is necessary."


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