Economic growth means an increase in real GDP. This increase in real GDP
means there is an increase in the value of national output / national expenditure.
Despite the benefits of economic growth, there are also potential costs, such as
inflation, a current account deficit, environment costs and widening inequality.
Costs & Benefits of Economic Growth - Economics Revision.
IGCSE, GCSE Economics revision notes on benefits and cost of economic growth
Benefits Of Economic growth Economic growth is a phrase used to indicate the
increase in per capita GDP (gross domestic product). Many other factors like.
Nov 15, 2012 ... As economic growth increases, the lifestyle gap shrinks.
As illustrated by the story about Li in China, economic development has benefits
and costs. Li is able to find a job and live comfortable and even provide for her ...
Sep 14, 2013 ... Contrary to popular belief, economic growth may be good for biodiversity ... the
benefits of growth to other species outweigh its disadvantages.
Information about the organization, THE 10 BENEFITS: 7. Growth and jobs 7.
Trade stimulates economic growth, and that can be good news for employment.
Oct 19, 2012 ... Poverty and inequality can't be reduced without economic growth. But in the U.S.,
it has been 40 years since the rising tide lifted all boats.