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economic growth - Coggle Diagram
economic growth
less unemployment
evidence ; 'rural employment guarantee scheme'
why
more goods produced
more labour needed
hiring - less unemployment
government have more tax revenue
more government jobs
consequence
higher levels of income
more disposable income to spend on goods and services to improve quality of living
less government spending on unemployment benefits
more gov. investments in education, healthcare and infastructure
however
jobs may be unevenly distrubuted
especially in rural areas, unemployment rates are similar
employee standards increase
less employment
reduction in poverty
evidence
'rural health emission' policies to reduce poverty
why
more jobs
more income
gov has more tax revenue
help poverty
consequence
more income to spend on qualityof living
less poverty
less money gov spends on poverty
however
gov may use money on other things like infrastructure
inflation
not enough money to spend
still in poverty
improved standards of living
increased education
evidence; 'increase in percentage of people who can read and write'
why
more gov spending on education from tax revenue
consequence
better educatation
better employees
less unemployment
reduce spending on umployment
however
people may not try even with education - waste of money
employee standards increase, less unemployment
life expectancy
evidence; increased population, less infant deaths, increased life expectancy
why
improved standards of living
gov increased tax revenue
more money to spend on healthcare
consequence
increased population
increased GDP
more labourers
however
environment may not be good and life expectancy may decrease
more money spent on elderly
inflation