Want this question answered?
Economic growth is the growth of people which causes economic development, the growth/development of cities/towns. (i.e. businesses and buildings)
Economic growth is necessary for economic development but not a sufficient proof of economic development. The improvement of people's living condition is a greater assessment of economic development.
Safety Net!
The more economic growth, the more people migrate there, and thus various cultures mix and change.
No. Economic growth is the best way to reduce poverty. Economic growth creates jobs. Economic growth should not be sacrificed, it should merely be more inclusive. More people should experience the benefits of it. Economic growth is a good thing. When economic growth slows or stops, people start worrying about themselves and stop worrying about others. When economic growth is good and people have jobs and money, they are more interested in helping others. When corporations make money, they expand and hire more people. Then those people have money to purchase goods and services. The companies who sell those goods and services hire people to produce those goods and provide those services.
Shipping the goods and more transportation brought people here to have economic growth
economic growth became so low that people in a community suffered financially and economically in its own sense///
which people have formed an economic oligarchy in several latin American countries
Some people would say no, but the truth is yes.
what could ordinary people do in their daily lives to promote economic growth and prosperity in south africa
safety nets
Individual effort is the basis of any form of economic growth. And as history has shown - just look at the Communist countries after WW2 - individual effort is rarely if ever stimulated by lack of personal freedom. So in order to have economic growth, the people that have to realize it have to feel that their efforts will result in a better future for themselves. A government that tries to start economic growth by sacrificing personal freedom, will find that people won't have that trust in the future. Just look at China: the leadership first had to promise greater freedoms before the economic boom could start.