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Impact of Rapid Economic Growth on Living Standards


Discuss whether rapid economic growth always increases living standards.


Economic Growth and Development

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I. 🍃Introduction
- Definition of economic growth
- Importance of economic growth

II. Reasons why economic growth might be beneficial
- Higher income
- Increased tax revenue
- More spending on healthcare and education
- Improved job prospects
- Reduced pollution

III. Reasons why economic growth might not be beneficial
- Other influences on living standards
- Uneven distribution of growth
- Unequal distribution of income
- Unsatisfactory products
- Longer working hours and increased stress
- Environmental damage

IV. 👉Conclusion
- Weighing the pros and cons of economic growth
- Importance of considering the impact on all members of society

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