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What are the costs of economic growth?

      

What are the costs of economic growth?

  

Answers


John
1. Faster use of natural resourcesv contributes to depletion of these resources.
2. Opportunity cost - it may entail an investment of capital good which opportunity cost is current consumption foregone. The high level of economic growth aimed at,the higher the sacrifice of present consumption.
3. Economic growth may lead to technological unemployment.
Technological progress may make some jobs obsolete making some individuals unemployed.
4. It may be associated with negative externalities such as pollution and noise.

Jonmhumble answered the question on October 24, 2017 at 13:29


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