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What are the costs of economic growth?
Economic growth can result also into:
• Increases within pollution noise and congestion
• Unnecessary depletion of non-renewable resources
• Loss of traditional methods of life in between indigenous minorities
• The advantages of growth between income groups and regions might be uneven leading to a raise into relative poverty. Therefore income inequalities may extend
• The structural change related with economic can be important and fall disproportionately on such least capable to adapt for example, dependents, unemployed and the poor.
One of our clients is a major homebuilder in the Midwest. This company believes that sales of their new homes are highly correlated with business cycles in the overall US economy.
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Consider the market for the trusty widget (the most common good in the world if economics textbooks are to be believed). Assume that the market is perfectly competitive. Suppose th
explain approaches of national income?
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