Homework SourseUse a sustainability lens to identify and briefly discuss so
Use a sustainability lens to identify and briefly discuss some of the ways that economic growth may not improve a person’s standard of living.
Use a sustainability lens to identify and briefly discuss some of the ways that economic growth may not improve a person’s standard of living.
Solution
The economic growth is characterise by increase in job opportunities for all in the country due to higher demand in the ecoomy. Thus lowering unemployment on one side but may increase the price level or the inflation in the economy . The increased inflation may restict better standard of living for individuals as their real income may not increase by much.
