Question

why wouldn’t economic growth be desirable?

why wouldn’t economic growth be desirable?

Homework Answers

Answer #1

Economic growth depends upon number of variables. These variables such as agricultural growth rate , savings rate , investment rate, industrial sector growth rate, service sector growth rate shows wide fluctuations . These variables depends upon number of other endogenous variables . Also policy undertaken to shake economic growth shows negative results if prevailing market scenario doesn't match. Economic growth may be affected due to political instability, poor institutions etc.

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