Keyword Analysis & Research: economic growth


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Frequently Asked Questions

What are the pros and cons of economic growth?

Pros of Economic Growth: Higher per capita income which enable the population to enjoy quality goods and services and have better standard of living. Lower unemployment rate in the economy i.e. more employment opportunities which directly contributing towards the further economic growth.

What determines economic growth?

According to Economics Help, economic growth is caused by an increase in aggregate demand and supply. An increase in national output and national income also contributes to a country's economic growth.

Is economic growth good or bad?

If growth brings more economic equality into a society, then yes, growth is good." Pruthul Patel writes, "Growth is life. Without growth there is no life-be it of an economy, entity, or individual.... Expecting rationality in growth just limits the prospects of growth.


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