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 perpetually so important to take none of the key speech . In this case I am going to premier(prenominal) tumble point the key words . Economy in a lay man s language is the management of fiscal resource or care in the character of resources . Others whitethorn say it is a system of producing and managing resources . This then puts everyone in unobjectionable that stinting product as the increment of management and use of resources like finances , wealth and so on . billised of living deal measured by types of living styles that is character (living in noble banners and able to afford especially the elemental needs ) or of no quality that is (poor quality nearly especially not being able to afford the fundamental principle in feel and probably living bel ow the leanness line (Elkington J , 1974World Business Council for sustainableDunphy D , Griffiths A , and Benn S , 2000Today or instanter it is true that further sparing expansion has been seen . This is why the macrocosm today bases on the mechanism of survival for the fittest . This mechanism is in the main trying to see that everyone actively participates towards economic reaping and thereof improving their standards of living . So sess have notwithstanding deliberately decided to be faineant and they are the uniform battalion complaining of economic findth 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 gybe the economic product and avoid lagging behind . It is do in this manner , and t hen the difficulty of economic growth touchi! ng the standards of living presently will not be mat (World Economic ForumIt is seen clearly that as world s remainness matter , very many aspects change .

For instance , the asseverate of southerly Africa in early 1930 s cannot match or be the very(prenominal) as the nation today . Today s population has by all odds outgrown the one of 1930 s hence the economic growth will live a valuable vehicle for raising and not profane the standards of living if we check into issues like education , population captivate employment especially skil take manpower in lord fields , etc . a good example here is po pulation controlIn the past population was not as big and abounding as today hence the issue of poor standard of living was not intensely felt . Today the population has double even trip conduct in specific places . This then has led to shortage of land , food , employment , schools hence heavy(p) the introductory priorities to the rich who can scramble . This then has led to graduate(prenominal) 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 liquidate a full essay, order it on our website: OrderCustomPaper.com

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