Unrestrained economic growth will have some desirable consequences. True False

Unrestrained economic growth will have some desirable consequences.

True

False

Expert Solution

FALSE

For developing countries, driving economic growth still makes great sense but for rich countries it’s not entirely certain that an unrestrained obsession with economic growth will result in a better outcome. There are surely some positive consequences of economic growth which leads to affordability of healthcare and education services and living standards are improved when incomes rise. While striving for unlimited and unrestrained economic growth, an economy can get into a situation of unsustainability and could bankrupt the environment through climate change and depleted natural resources. Increasing emissions and consumption of natural resources is putting pressure on economy when there is an unrestrained economic growth. Consumption has grown in the last 30 years to the extent that demands on natural resources now exceed the planet’s capacity for renewal by a quarter each year.

So though an unrestrained economic growth leads to better lifestyle in a long run it bankrupt the country and environment through climate change and depleted natural resources.

Rahul Sunny answered 2 years ago

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