Evaluate the case that economic growth is always beneficial to a country

Introduction to economic growth

Benefits - Living standards increase (more jobs, higher income, better life)

                - but not always, sometimes growth occurs in the minority so only some benefit. Sometimes growth deteriorates health (smoking, pollution)

Drawback - Demand side economic growth = inflation. Potential depletion of natural resources

JB

Related Economics GCSE answers

All answers ▸

What are some disadvantages of using GDP as a measure of living standards?


What is a general equilibrium in a market?


Explain the factors which determine the level of demand for a good or service


What are economies of scale?