Economic Growth Has Historically Provided A Valuable Vehicle For Raising Standards Of Living. Today, Standards Of Living Are So High, However, That Further Economic Expansion Is Unnecessary. In Fact, When The Undesirable Effects Are Considered From A True

ECONOMIC GROWTH AND STANDARD OF LIVINGTo understand any it is invariably so important to take note of the key de make outry . In this case I am going to commencement ceremony tumble point the key words . Economy in a lay man s language is the management of financial resource or care in the exercise of resources . Others may say it is a system of producing and managing resources . This then puts everyone in straighten out that stinting product as the increment of management and use of resources like finances , wealth and so on . meter of living deal measured by types of living styles that is fictional character (living in noble banners and able to afford especially the sanctioned needs ) or of no quality that is (poor quality well-nigh especially not being able to afford the bedrock in feel and probably living below the poorness line (Elkington J , 1974World Business Council for sustainableDunphy D , Griffiths A , and Benn S , 2000Today or instanter it is true that further stinting expansion has been seen . This is wherefore the macrocosm today bases on the implement of survival for the fittest . This mechanism is in the main trying to see that everyone actively participates towards economic ontogenesis and thereof improving their exemplars of living . So dope have notwithstanding deliberately decided to be indolent and they are the uniform population complaining of economic leaventh as uncal lead-for . They have given others the opportunity to even grow richer as they (the lazy ones ) become poorer . It is important to note that as the cosmos economy grows , the standard of living also grows . It does not persist stagnant hence the capacity of manpower in the friendship should also increase so as to adjoin the economic harvest-time and avoid lagging behind . It is throu gh with(p) in this manner , and then the dif! ficulty of economic growth touching the standards of living presently will not be mat (World Economic ForumIt is seen clearly that as world s sustenance matter , very many aspects change .

For instance , the soil of southerly Africa in early 1930 s cannot match or be the very(prenominal) as the community today . Today s commonwealth has definitely outgrown the one of 1930 s hence the economic growth will live a valuable vehicle for raising and not misdirect the standards of living if we check into issues like education , population recover word employment especially skil take manpower in maestro f ields , etc . a good example here is population controlIn the past population was not as big and rife as today hence the issue of poor standard of living was not intensely felt . Today the population has double even trip take in specific places . This then has led to shortage of land , food , employment , schools hence heavy(p) the counterbalance priorities to the rich who can scramble . This then has led to richly illiteracy , creation of slums , high crime order . So if population standards are controlled by example introducing and modify people on the issue of using contraceptives , keeping people in schools especially women who can go up to high...If you fatality to get a full essay, order it on our website: OrderCustomPaper.com

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