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Economic growth (The advatages (Additional tax revenues (programs for…
Economic growth
The advatages
the average standard of living goes up
increasing employment
earning income
Additional tax revenues
programs for education
water and air
medical care
highway construction
national defence
more leisure time
The disadvantages
use of natural resources that cannot be replaced
generation of waste products
destruction of natural environments
uneven growth among different groups in society
Сapital goods manufacturers
Аn employees
contributes to the growth of capital resources
valuable labor
to cover wages
А managers
a money saved to replace tools
a money saved to replace equipment
to invest in capital resources
to cover the company’s costs
makes decisions on how the company will earn the most profits
Production of capital goods
to meet economic needs
people resources
capital resources
natural resources