In general, most economists disagree with this notion, arguing that economic growth has more advantages than disadvantages. Here are some reasons why:
1) Economic growth and indicators of quality of life (such as education, basic services, access to food and water, life-span, etc.) are positively statistically correlated. This means that as economic growth increases, quality of life tends to increase.
2) Although distribution of wealth is sometimes problematic for many people, even the poorest people in growing societies are better off than they would be without economic growth.
3) Economic growth is logarithmic, which means that it is a positive feedback: more growth tends to increase growth and thus improves the well-being of society.
4) In a system with increasing population, economic growth is required in order to maintain a base standard of living. That is, an economy must grow at the rate of population growth in order for standard of living not to fall.
advantages:
there are much disadvantages of economic growth and we can't cover here so,inflation,intergovernmental destruction, traffic congestion and population increase.
What_are_the_advantages_and_disadvantages_of_organic_growth_in_business
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Disadvantages Resources are limited financing available for growth is not sufficent Advantages Resources areused efficently adopts new tehhnologies quickly
advantages:
advantages..economic growth..employment opportunities..local and national pride.. disadvantages..environmental pollution..a big target of terrorists..
advantages..economic growth..employment opportunities..local and national pride.. disadvantages..environmental pollution..a big target of terrorists..
Advantages: Increased labor force, potential for economic growth, cultural diversity and exchange of ideas. Disadvantages: Strain on resources, impact on environment, potential for overcrowding and social issues.
Advantages are global influences, a stategic alliance and regional growth opportunities. Disadvatages is possible threats to regional integration and development.
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Disadvantages of rapid growth in southeastern states
there are much disadvantages of economic growth and we can't cover here so,inflation,intergovernmental destruction, traffic congestion and population increase.
What_are_the_advantages_and_disadvantages_of_organic_growth_in_business
hey
zzz
Disadvantages Resources are limited financing available for growth is not sufficent Advantages Resources areused efficently adopts new tehhnologies quickly