Political Economy Economic Systems Questions
The causes of economic growth can vary, but some common factors include technological advancements, increased investment in physical and human capital, improvements in infrastructure, favorable government policies, and access to resources. Economic growth leads to several consequences, such as increased employment opportunities, higher incomes, improved living standards, reduced poverty rates, enhanced access to education and healthcare, and overall societal development. Additionally, economic growth can also have negative consequences, such as environmental degradation, income inequality, and potential economic instability.