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Theme 2
2.5: Economic Growth
2.5.4: Impact of economic growth
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Created by
Kendrick Lamar
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Cards (8)
Benefit of Economic growth:
Higher
standard of
living
Benefit of Economic growth: Creation of
jobs
Benefit of Economic growth: Increased government
revenue
Benefit of Economic growth: Increased
opportunities
for workers
Cost of Economic growth:
Increased
inflation due to
more
consumption
Cost of Economic growth:
Damage
to the
environment
Cost of Economic growth: Increased
inequality
Kuznet's curve suggests that
inequality
increases during early stages of economic development, but
decreases
as a country develops