Summarize the anti growth view of economic growth
Please provide the best answer for the statement.
In the anti growth view, concern with environmental deterioration leads the list because unchecked growth can cause many spillover costs. Economic growth alone does not seem to solve socioeconomic problems, such as poverty, homelessness or discrimination. In fact, it seems to worsen them in some instances. Rapid growth may also lead to new anxieties and new sources of insecurity for people who find their skills obsolete and jobs threatened. Finally, there is concern that high rates of growth are not sustainable and may lead to the degradation and exhaustion of the earth’s resources.
You might also like to view...
Money payments made by governments to individuals for which no services or goods are concurrently rendered are known as
A) transfer payments. B) government-sponsored payments. C) government-inhibited payments. D) black market payments.
How long do most business cycles last?
A. Two full years B. Two consecutive quarters C. At least 10 years D. Varying lengths of time
In what decades did labor unions gain the most members?
A. The 1910s and 1920s B. The 1930s and 1940s C. The 1950s and 1960s D. The 1970s and 1980s
The circular flow model shows the relationships between
A. government and business firms. B. government and households.