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What are the potential advantages of economic growth?
The potential advantages of growth include
• More goods and services are accessible to satisfy more want and requirements
• Higher employment permits higher wages so that poverty is decreased.
• Employees earn higher incomes for producing more goods and more services
• Raised pollution,
• Depletion of non renewable natural resources
• The advantages may be narrowly distributed to the wealthy
• Growth may be not sustainable and threaten the well being of future generations.
discuss.
impact of change in government expenditure and tax on fiscal policy
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