Costs of economic growth, Managerial Economics

Assignment Help:

Costs of Economic Growth (Increase in National Income)

1.     People living in industrial towns suffer from the effects of a polluted atmosphere.

2.     The manufacture of intoxicants together with urbanization and urban housing problems leads to an increase in crimes.  This creates for the state the additional costs of the maintenance of prisons and a large police force to maintain law and order.  Thus social welfare would be increased if the production and sale of intoxicants are curtailed.

3.     While the expansion of the National Income owes a great deal to scientific research the application of research to new means of destruction add nothing to social welfare.

4.     It leads to employment of women in industry leading to children being left without care or simply maternal care.


Related Discussions:- Costs of economic growth

Determine the theory of exchange and price theory, Determine the Theory of...

Determine the Theory of Exchange and  Price Theory Theory of Exchange is commonly called Price Theory. Price determination under various types of market conditions comes under

Keynesian view on unemployment, KEYNESIAN VIEW ON UNEMPLOYMENT   Keynes...

KEYNESIAN VIEW ON UNEMPLOYMENT   Keynes  in his General Theory presented  a view  that  fluctuations in  aggregate demand (AD) influences the equilibrium level of output. Thus

Individual firm and market supply curves, Individual firm and market supply...

Individual firm and market supply curves The quantities and prices in the supply schedule can be plotted on a graph. Such a graph is called the firm supply curve. A fir

Disadvantages of progressive tax, Disadvantages The effect on ince...

Disadvantages The effect on incentives High  progressive tax makes work and extra effort become less valuable. The effect on the willingness to accept risk

Demand forecasting, what is the importance of demand forecasting to manager...

what is the importance of demand forecasting to managers

Causes of inflation, Causes of Inflation   At present three main expl...

Causes of Inflation   At present three main explanations are put forward: cost-push, demand-pull, and monetary. Cost-push inflation occurs when he increasing costs of prod

Explain the point elasticity, Point elasticity The point elasticity of ...

Point elasticity The point elasticity of demand is described as the proportionate change in quantity demanded in response to a very small proportionate change in price. The con

Insurance Premiums, Green Shield Insurance gives NEMO Corporation with cove...

Green Shield Insurance gives NEMO Corporation with coverage for prescriptions, dental work, and extended health services. Every subscriber uses $435 worth of dental services per ye

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd