Question

What are costs and benefits of economic growth?

Answer 1

COSTS OF ECONOMIC GROWTH

1. Probable of widening dissimilarity .
2. Deficit in the current account .
3. It causes the bust and the boom in the cycle of economic .
4. Causes inflation .
5. It causes coagulation .
6. Deficit in the resources which non-renewable in nature .

BENEFITS OF ECONOMIC GROWTH

1. Lower the level of unemployment .
2. It decrease the borrowing of the government .
3. Elevated the services (public service) .
4. Encourage to invest .
5. Spent in the money to protect the environment .
6. Average income is high .