Question

Discuss the implications of economic growth (Marginal benefits  AND Marginal Costs) for the U.S. economy, society, environment, children's future, social programs, military might, global preeminence, technological growth, educational opportunities, etc. Think about what life would be like in the United States with very high, average, or very low rates of economic growth, as food for thought.

Answer 1

4. The Institutions of economic growth which includes marginal benefits and marginal cost how the US economy relates to society is that it increases the quality of living of the people in the American society and provides security with a safe living environment.
Economic growth in relation to the environment is now more concerned about eco-friendly products and bio-friendly and this is the present Trend for the business houses and different business organisations.
The economic growth in relation to children's future is very positive that the government takes the initiative to provide a safe and secure future for the children and this is the prime priority in the American culture.
The economic growth in relation to social programs means to provide various social security schemes to all stages of the people special for the elder ones so that they can easily bear all the expenses of life and especially the necessities.
The economic growth and the relation with the military are very positive; it provides extra security and extra power to the US military against all the anti-social elements of the world.
Economic growth in relation where Global preeminence the Global existence the organisations in relation to capture the maximum market share in the column.
The economic growth related to educational opportunity is also very positive because the education development is the prime thing in the US culture and the US system where the education level is topmost in the global ranking.
Innovation in economic growth as the food availability and the food department in the USA, definitely it is related to the development of the agriculture sector in the economy