Question

Why do economies and governments strive for economic growth? Cann too much growth be a bad thing?

Answer 1

Economies and governments strive for economic growth because it results in higher income in hands of its people resulting in better standard of living which reduces risk of social unrest and encourages the happiness in the country. Moreover, economic growth makes a country independent in various industries due to higher resources available which also ensures future security and more foreign inflows which leads to higher investments and consumption in economy. Better economic growth leads to quality education and various facilities at all levels.

Growth is not a bad thing, but some times too much growth can be bad if this growth is only focused on short term and is burdening future generations in terms of higher debt burdens.Otherwise growth is always good.

the above is answer