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.