"Economic growth is bad for Australia."

Economic product is a sustained addition in the genuinely value of national production over a end of time, usually one year. Negative side of stinting growth: - EG is non the same as national progress. By focusing so much on economic growth, complaisant problems may arise, such as a growing gap surrounded by the overflowing and the poor, rising crime rates, and a more separated society. - diversity of income: no guarantee that the benefits of EG will be shargond evenly in society. - Environmental impacts: depletion of natural and scarce resources, greenhouse flatulency emissions, pollution, that huge hole in the ozone layer, not signing the Kyoto Protocol. - life-style changes: less family time, more hours working--stress and anxiety levels escalate. When cities become overcrowded, the price of houses rise, build up owning a home impossible for low-income earners. - Unbalanced growth: around regions gain at the expense of others, and these areas become sociall y and economically deprived. Although the nation is richer than it was at first, relatively speaking poverty could increase, pinny lead to a range of social problems such as mental picture and ill health; some of these problems shed an economic embody attached as well as a social one. - Economic problems: very strong economic growth could moment in inflation, which would make Australia less agonistic in term of international batch.

The cost of raw materials is in any case likely to increase. - outside(a) problems: such as a larger trade dearth from increased spending on imports (this tends to happen in Australia during an economi c boom). - Labour market issues: reforms may! result in a decline in the number of just-time, permanent jobs available. well-worn of breathing is decreased as a consequence. Benefits of economic growth: - increase in SoL, as measured by gross domestic product - new jobs are created, unemployment declines... If you want to get a full essay, order it on our website: BestEssayCheap.com

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