In: Economics
Describe some of the benefits and costs associated with the emergence of large cities in developing countries.
For any economy that is developing or growing has to face both side of coin means having some benefit and to pay cost at the same time
so below are some of the benefits and costs associated with the emergence of large cities in developing country.
Benifits-
1 Better technology which means time and cost saving and ultimately growth for the city
2.foreign investment which causes better infrastructure and further development for the city and also better employement opportunities
3.Infrastructure which means having goods basic needs for growth like roads,hospitals,power generation etc.
4.mass scale production due to proper use of resources for exporting and development by use of technology
COSTS-
1.Resource abusing- By more and more use of resources which causes abusing and lack of it so there must be balance.
2.pollution-due to fast development,developing economy has to pay the price like Air,water,sound pollution in the city which causes negative externality.