ECONOMICS
ECONOMIC GROWTH
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Positive
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Negative
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Either A or B
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None of the above
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Detailed explanation-1: -The environmental impact of economic growth includes the increased consumption of non-renewable resources, higher levels of pollution, global warming and the potential loss of environmental habitats.
Detailed explanation-2: -Economic growth may also lead to greater stress on workers. Increase of output may require some people to work for longer hours, some to learn new skills and some to change their job. The net impact of economic growth is influenced by its rate, means adopted to achieve it and distribution of its benefits.
Detailed explanation-3: -Humans impact the physical environment in many ways: overpopulation, pollution, burning fossil fuels, and deforestation. Changes like these have triggered climate change, soil erosion, poor air quality, and undrinkable water.
Detailed explanation-4: -Poor environmental quality in turn affects economic growth and wellbeing by lowering the quantity and quality of resources or due to health impacts, etc. In this context, environmental policies can curb the negative feedbacks from the economy on the environment (and vice-versa).