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Costs of Economic Growth : - Coggle Diagram
Costs of Economic Growth :
Who needs to save resources?
A person
Society
Society produces
Consumer goods
Capital resources
Affects economic growth
The new equipment will allow the company to make more profit in the future
Income from labor is received
The company
For development
For capital investments
Employee
Advantages of economic growth
Increase in jobs
Additional tax revenues to the Government
Raising the average standard of living
Disadvantages of economic growth
Waste generation
Destruction of the natural environment
Use of natural resources that cannot be replaced
Uneven growth among different groups
of society
To survive, the economy needs
Capital
Excessive use will slow down growth
Natural resources
People
What united the countries into a single system?
Advances in transportation
Advances in communications
In the global economy, an important role is played by
Trading
Borrowings for financing